Makhdoom Khusro Bakhtiar, The Minister for Industries and Production said that the aim to introduce a new policy is to provide affordable small cars (850 cc-1000 cc) and increase the competition in the local market.
As per details, The Federal Minister for Finance and Revenue Shaukat Tarin presided over a meeting to finalize the new auto policy
The meeting was attended by the Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar, Adviser to Prime Minister on Commerce Abdul Razak Dawood and SAPM on Finance and Revenue Dr Waqar Masood, The senior officials from Industries and Production, Commerce and Federal Board of Revenue (FBR) were also into the attendees.
Makhdoom Khusro Bakhtiar briefed that the aim to introduce a new policy is to provide affordable small cars (850 cc-1000 cc), promote localisation in domestically assembled cars, produce an exportable surplus of auto-parts of 2-3 wheelers and increase the competition in the local market so that people in Pakistan could enjoy better technology at affordable prices
Bakhtiar also discussed multiple concessions that could be offered to electric vehicles to increase the number of vehicles imported and install the related infrastructure in Pakistan.
The meeting also discussed the other pending issues like the payment of ACD by the auto sector to the government, The Industry representatives agreed to resolve the issue amicably for its final settlement.
Shaukat Tarin, The Finance Minister assured of his full support for the final launch of the new auto policy.
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