New Auto Policy Launch Very Close

Prime Minister Shehbaz Sharif has approved the draft of Pakistan's new Automotive and Auto Parts Manufacturing Policy 2026-31, with the federal cabinet projected to provide its final approval shortly, sources informed ProPakistani a short while ago.

Key points

• The five-year policy is intended to set the direction for Pakistan's automotive industry after the previous policy expired on June 30, 2026.
• The proposed policy intends to strengthen Pakistan's automotive industry by increasing local manufacturing, attracting investment and improving competitiveness.
• The new framework includes seven principles for transforming the automotive industry, along with export targets to expand Pakistan's presence in international markets.
• Obtain the latest business news, market insights, and economic updates wherever you prefer.
• The delay had created uncertainty for manufacturers, affecting decisions related to production, investment and vehicle rates.

Notably, the five-year policy is intended to set the direction for Pakistan's automotive industry after the previous policy expired on June 30, 2026. It will now be tabled before the upcoming federal cabinet session for implementation. New Auto Policy May Be Approved Today.

In practice, the delay had created uncertainty for manufacturers, affecting decisions related to production, investment and vehicle rates.

Notably, the proposed policy intends to strengthen Pakistan's automotive industry by increasing local manufacturing, attracting investment and improving competitiveness.

It additionally seeks to integrate locally manufactured auto parts into international supply chains. One of the key proposals involves gradually reducing automobile tariffs.

Meanwhile, the new framework includes seven principles for transforming the automotive industry, along with export targets to expand Pakistan's presence in international markets. Stay Connected with ProPakistani.

Obtain the latest business news, market insights, and economic updates wherever you prefer. Follow on Google Discover. Follow on Google News Join WhatsApp. See more ProPakistani stories in Google Search and Top Stories.

For now, new Auto Policy Launch Very Close remains the part of the story worth watching, and further updates are likely as more details are confirmed.