How the government’s new ‘auto policy’ will end the monopoly of big automakers

The introduction of the new policy for the auto industry is a logical step forward.

3

auto policy

The government has been planning to formulate a new auto policy to end the monopoly of big automakers in the local automotive market.

It has been highlighted in the policy that the Auto Development Policy (ADP) 2016-21 would expire by the 30th of June, 2020. The Ministry of Industries and Production has stated that the new policy will allow for cars’ import.

The policy provided numerous concessions and benefits to the automakers seeking to enter the Pakistani market. Moreover, many carmakers had either entered or made their comebacks to a warm reception by Pakistani consumers due to the current ADP.

The report further says that the new policy will cancel the concessions given to entrants and that the rates of the taxes on the import of cars will be reduced. Additional benefits will be considered to encourage the import of cars.

Earlier, the federal government directed the Ministry of Industries and Production to investigate the automotive firms and determine the details of their inability to increase manufacturing capacity.

The automakers’ incompetence to meet the local market demands has given rise to the illegal premium culture.

The introduction of the new policy for the auto industry is a logical step forward. However, supporting imports instead of country-based manufacturing is a questionable move against Prime Minister Imran Khan’s vision for a self-reliant and stable auto industry.

What are your thoughts about this? Share in the comment section below.

  • Suzuki cultas k features k hisab se is qeemat 7 8 se ziyada nai banti Mgr 18-20 lac ki bik rai hai.
    Same with city max 12 lac honi chiye
    Civic max 15-18 lac

  • bhai taxes kam kero.. her car pe 40 percent tax lete hen aur mudda sara car manufacturers pe.

    17.5 percent sales tax plus fed plus levy plus acd.

    awaam tak sasti gari pohnchani he to hakoomat apni malai kam le. pehle hee limping auto market ko khatam na kerein imports allow ker ke.


  • Featured Content⭐


    Most viewed in last 24 hours


    24 گھنٹوں کے دوران 🔥


    >