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Upcoming Auto Policy Will be All About Electric and Cheap Cars

Federal Minister for Industries & Production, Makhdum Khusro Bakhtyar, held a consultative session with representatives of Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts & Accessories Manufacturers (PAAPAM) separately.

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In the consultative sessions with auto sector stakeholders to discuss the Auto Industry Development & Export Plan (AIDEP) 2021-26, the Minister said that the government would like to see an increased footprint of Electric Vehicles to improve the environment and to reduce the oil import bill.

Advisor on Commerce, Trade & Investment, Mr. Razzak Dawood, and Secretary Industries & Production, Sohail Rajput, also participated in the meeting.

The meeting aimed to discuss the proposals submitted by both associations for Auto Industry Development & Export Plan (AIDEP), 2021-26.

The Minister indicated that the new policy would focus on further growth and development of the automotive industry along with affordability, quality, availability, and indigenization of the industry.

The Minister emphasized to both PAMA and PAAPAM to table suggestions to reduce the prices of small cars to bring the cost down within the affordability of the lower middle class of the country.

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Both associations lauded the efforts of the government to formulate a policy universally accepted by key players.

The bodies also commended the current government for support in the tough times of the pandemic through salary loans, investment loans, and slashing down interest rates to protect the industry.

In the end, the forum decided to hold the consultative sessions till the finalization of the AIDEP draft.

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