From Daily Times · Sajid Salamat · · 1m 20s
PM Shehbaz clears auto policy to boost localisation
Pakistan's prime minister approves automotive policy to cut prices and increase local manufacturing.
In brief
Pakistan's prime minister approves automotive policy to cut prices and increase local manufacturing. Pakistan's prime minister Shehbaz Sharif approved the final draft of the Automotive Industry Policy to drive localisation, reduce vehicle prices, and address import dependencies. Originally reported by Daily Times.
Policy approval
Prime Minister Shehbaz Sharif approved the final draft of Pakistan’s Automotive Industry Policy for submission to the Federal Cabinet.
Localisation focus
The policy aims to increase local content, develop domestic vendor industries, and reduce dependence on imported vehicles.
Safety and consumer protection
Inadequate safety standards in imported used vehicles remain a serious concern under the new policy.
Electric vehicle promotion
The government plans to accelerate electric vehicle adoption to reduce oil dependency and inflation.
On money charges
Manufacturers cannot demand advance payments exceeding 20 per cent of a vehicle’s price at booking.
Tariff policy impact
Reduced costs of imported raw materials will help domestic manufacturers lower prices and compete internationally.
Implementation timeline
The policy will be submitted to the Federal Cabinet for formal approval before implementation.
Consumer protection measures
Third-party audits will strengthen accountability and public confidence in government initiatives.
Policy goals
The government aims to transform Pakistan’s automotive industry into a competitive manufacturing base driven by localisation.
The essence
Pakistan's prime minister Shehbaz Sharif approved the final draft of the Automotive Industry Policy to drive localisation, reduce vehicle prices, and address import dependencies.
