Govt Set to Remove Extra Duties Under New Auto Policy
Pakistan's new auto policy is in its final stages and is projected to be rolled out shortly, Special Assistant to the Prime Minister Haroon Akhtar Khan remarked.
Pakistan's new auto policy is in its final stages and is projected to be rolled out shortly, Special Assistant to the Prime Minister Haroon Akhtar Khan remarked.
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Speaking on the private news channel program, Akhtar remarked the new policy would additionally remove extra customs duties and regulatory duties. The policy is now "almost complete" and will be formally confirmed shortly.
He remarked the policy had taken time to finalize as of major changes in the automotive sector, including rose competition, the expansion of electric vehicles and the introduction of a national tariff policy.
He remarked the number of car manufacturers in Pakistan had climbed from three to 13 under the previous two auto policies, making competition an significant consideration in developing the new framework.
"The biggest change has been the arrival of electric vehicles, " Akhtar remarked, adding that the new policy would include measures to facilitate EVs.
He remarked extensive discussions had been held on the policy and that work was now focused on its legal aspects. The administration has additionally taken extra time to formulate the framework to avoid repeating mistakes produced under previous policies.
According to Akhtar, a key objective of the new policy is to create vehicles more affordable for consumers while maintaining a balance that allows locally produced vehicles to compete with vehicles in international markets. Stay Connected with ProPakistani.
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In short, govt Set to Remove Extra Duties Under New Auto Policy is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
