Page 4 - Auto Development Policy News Today

The top five selling cars in Pakistan Any guesses which car is at number 1? SAMAA | Bilal Hussain - Posted: Feb 4, 2021 | Last Updated: 2 months ago SAMAA | Bilal Hussain Posted: Feb 4, 2021 | Last Updated: 2 months ago Despite the Auto Development Policy 2016-21 coming to an end soon, the established Japanese carmakers had the biggest market share of the Pakistan auto industry in 2020. All the top five selling cars in Pakistan belonged to either Suzuki, Toyota or Honda, with one ...

Auto-Loans in Pakistan Increased by Rs. 41 Billion in December 2020 Following a decrease in the interest rates and the rejuvenation of business activities after the initial pandemic-induced lockdowns, auto loans reportedly increased by 19 percent, amounting to Rs. 41 billion in December 2020. As per the figures compiled by the Central Bank, the car loans of December 2019 had been recorded as Rs. 219 billion, and increased to Rs. 256 billion during the same time period in 2020. A media report s...

Engineering Development Board (EDP) and Ministry of Industries and Production have started working on the new Automotive Industry Development and Export

Pakistan’s auto policy to focus on production of ‘cheap’ cars 45% of cost goes to govt in form of duties, taxes SAMAA | Bilal Hussain - Posted: Jan 19, 2021 | Last Updated: 2 months ago SAMAA | Bilal Hussain Posted: Jan 19, 2021 | Last Updated: 2 months ago Listen to the story As the current Auto Development Policy (ADP 2016-21) is about to end in June this year, the government is preparing a new auto policy that will focus on facilitating the manufacturing of low-cos...

Morris Garages (MG) has reopened the bookings for its HS crossover SUV. They had reportedly been closed during December 2020 owing to a statement by the

Morris Garages or MG Motors has received Greenfield status to manufacture cars in Pakistan. Greenfield status is granted to car assembly companies and includes tax and duty incentives to encourage new car companies entering the Pakistani market. The company has already launched its compact SUV MG-HS and has revealed its plans to launch more cars including MG-ZS 1.5, MG ZS EV, which is fully electric and has 44.5 KWH of power, pick-up truck MG-Extender and SUV RX8. The Engineering Development Boa...

Morris Garages (MG), a China-based British car company that made its debut in Pakistan a couple of months ago, has received the greenfield status under

As per the reports, the government is planning to formulate a new auto policy to end the monopoly of certain car companies in the local automotive market. It also highlighted that the Auto Development Policy (ADP) 2016-21 will expire by 30 June, and that the Ministry of Industries and Production has stated that the new policy will allow for the import of cars. ALSO READ The policy provided numerous concessions and benefits to the automakers seeking to enter the Pakistani market.  Moreover, ow...

Javed Afridi, the 35-year-old owner of a large group of companies including JW Park Motors and Morris Garages (MG) Pakistan, is arguably responsible for

Javed Afridi, the 35-year-old owner of a large group of companies including JW Park Motors and Morris Garages (MG) Pakistan, is arguably responsible for