The federal government has suspended the temporary licenses granted to car manufacturers following the expiration of relief measures provided on an interim basis for failing to localize vehicle components and spare parts, well-informed sources told ProPakistani.
Sources told ProPakistani that three major companies shared business plans with the Ministry of Industries and Production in an attempt to address this issue. Sources added the ministry has not made any decision on the business plans, leaving the fate of the manufacturers in limbo.
The actions leading to the suspension of these licenses were prompted by the failure of car manufacturers to fulfill conditions related to export and the localization of vehicles.
The Ministry of Industries and Production had requested business plans from the companies, emphasizing the need for compliance with industry regulations. Car companies have fallen short of meeting the condition requiring a 2 percent export rate.
Sources within the Ministry revealed that automobile companies have not witnessed an increase in the production of vehicles at the local level. Car companies have fallen short of meeting the condition requiring a 2 percent export rate.
To promote local industries, automakers are obligated to locally source vehicle components and spare parts. The current situation highlights the challenges faced by the automotive sector in adhering to these regulations and underscores the need for swift and effective measures to address the issues at hand.
Govt will soon receive call from embassies and suspension will be in dustbin.
Do these companies have names?
What are the names of these companies, would you mind sharing these names??
Name leitay howay isko sharam arhi hai pir news q deitay ho
Why the suspence and not to name companies in the loop if the news is shared. Very unfair to keep the suspence. It’s high time that auto manufactures should seriously make effort for deletion instead of imports and free to increase prices with dollar fluctuations… Or else license provoked…
It’s a shame reading this article where no name is given. Don’t know if it is story or drama
Muhammad Ayaz
Pakistan one country but infinite corroupt policies
Certainly, companies such as Kia, Changhan, and Proton, intentionally avoiding PAMA membership, and getting benefits significantly by not disclosing actual sales. This allows them to exploit unexpected market fluctuations, and when anticipating low returns in the long run, they tend to close their setups and withdraw from the country, as seen in Kia’s past actions.
Not only Chinese auto companies doing so, Japanese companies are on the same way.
Baseless and time wasting report. Doesn’t have courage to mention name of companies
Apnee gaaareee bike bana agar zindon main hai.Saari Zindagi beaurucracy aur siasat daan Suzuki,Honda aur Toyota say maal khatay rahay for not checking the localization.Itnee syani qom sohrab bicycle k illawa koee moving source na banana sakee.Afsos sad Afsos.
It is rather confusing message to investors. Govt should have facilitated the investors, the business climate is already unsatisfactory and such news may create more panic. Nation will suffer but the rulers will escape.
Absolutely right action. Don’t suspend cancel licences. Massey Ferguson tractor in production since early 60’s, Suzuki car manufacturing in Pakistan from 70’s. What are the performance of these on export and use of local components fronts. They raise prices frequently and minting profit. Big chunk is taken on account of royalty/ supply of spares. Has anybody estimated how much foreign exchange has gone out because of assembly of vehicles in Pakistan?
Fuel consumption and pollution is on rise due to increase in vehicles. It would have been better if we start manufacturing buses/railway bogies for transport.
Please correct those who had taken this decision PRESENT CARE TAKER FEDERAL GOVERNMENT & THEIR 💀 MONSTERS do not represent Pakistan rather all of them are
DAILY WAGES 🤬 EARNERS with the backing of the 🌎 biggest MAFIA 👺 ON EARTH
ABETTORS FACILITATORS ESTABLISHMENT
Car manufacturers are Dakaits in Pakistan, I think car in Pakistan are most expensive in the world
This step should have taken long ago .Some car manufacturers are just assembling their vehicles with 0 % local parts.This is absolutely not acceptable.