New Auto Policy in the Works After Local Carmakers Raise Concerns

The government has hit the reset button on its auto policy after local car manufacturers voiced their concerns about the previous draft favoring electric vehicles. The Deputy Prime Minister, Ishaq Dar, has been assigned by Prime Minister Shehbaz Sharif to head a new committee tasked with redrawing the policy.

Local players in the automotive sector felt that the initial proposals offered unfair advantages to electric cars, leading to a backlash that prompted the government’s decision to withdraw the draft. The aim now is to create a more balanced policy that addresses the needs of all stakeholders in the industry.

As the government embarks on this journey to reformulate the auto policy, the emphasis will be on ensuring fair treatment for local manufacturers while also considering the growing interest in electric vehicles. This move could have significant implications for the future of the automotive landscape in Pakistan.