Carmakers Don’t Even Have a Copy of New Auto Policy

Pakistan's carmakers do not yet have an official copy of the new auto policy, days after the administration unveiled it.

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• He remarked the policy seeks to raise auto exports from $200 million to $6 billion, and manufacturers that miss their export targets will face penalties.
• In a letter to the Secretary, MoI&P, PAMA Director General Razi-ur-Rahman congratulated the ministry on announcing the long-awaited policy and called it a need of the time.

"We will be grateful if an official copy of the document is shared with the association for the benefit of its members, " he wrote. Industry Waiting for the Fine Print.

PAMA represents the country's major vehicle makers. These are the same firms that will have to follow the policy's new rules on costs, exports and vehicle quality.

In practice, the request demonstrates the industry is still working from public statements instead of the actual document.

Meanwhile, the new auto policy was approved last week. At a press conference in Islamabad, PM's Adviser on Industries and Production Haroon Akhtar remarked carmakers will not be allowed to take more than 20% of a car's rate as advance payment.

He remarked the policy seeks to raise auto exports from $200 million to $6 billion, and manufacturers that miss their export targets will face penalties. It additionally adds 45 new quality standards and raises the financing limit for electric vehicles from Rs. 2 million to Rs. 10 million.

Akhtar remarked car costs will gradually come down under the policy. ProPakistani has earlier documented how much vehicle costs are projected to drop. Stay Connected with ProPakistani.

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For now, carmakers Don't Even Have a Copy of New Auto Policy remains the part of the story worth watching, and further updates are likely as more details are confirmed.