New auto policy to focus on indigenization of industry: Khusro

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Mohammad Arshad
Islamabad

Federal Minister for Industries & Production Makhdum Khusro Bakhtyar, Wednesday, observed that new policy would focus on further growth & development of automotive industry together with affordability, quality, availability and indigenization of industry.

In a consultative sessions with representatives of Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts & Accessories Manufacturers (PAAPAM) separately in this afternoon he further highlighted that the government would like to see an increased footprint of Electric Vehicles to improve the environment and to reduce oil import bill.

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

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

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

Both Associations lauded the efforts of the government to formulate the policy as universally accepted by key players.

The Bodies also commended the current government for support in tough time of Pandemic through salary loan, investment loans and slashing down interest rates to protect the industry.