Page 5 - Auto Industry Development News Today

Mobile, auto exports seen fetching billions of dollars August 3, 2021 ISLAMABAD: The upcoming mobile phone manufacturing plants and expansion in the auto sector could fetch Pakistan billions of dollars in exports over the medium term. It was stated by Chairman Board of Management of Engineering Development Board (EDB) and businessman Almas Hyder during a meeting with Prime Minister Imran Khan on Monday. The meeting was held to discuss ways to diversify exports. “Engineering goods trade is t...

ISLAMABAD: The draft Auto Industry Development and Export Policy (AIDEP) is aimed at promotion of auto industry in the country by increasing the production of cars, motorcycles, tractors at affordable rates, Minister for Finance and Revenue Shaukat Tarin said on Thursday. While chairing a meeting to review the draft AIDEP 2021-26, he said that priority was to ensure consumer welfare through availability of cars at affordable rates for the middle and lower income groups, said a press release iss...

Govt plans incentives for new entrants in electric vehicle push July 30, 2021 ISLAMABAD: Pakistan is set to offer fresh incentives to firms planning investments in electric vehicles (EVs) production in the country in its new auto policy due next year, a government said on Thursday. The country’s efforts to promote EVs to reduce its oil dependence and cut pollution have been stymied so far by a lack of investment and weak demand. A new policy, however, has been under discussion to provide a ...

ISLAMABAD: Makhdum Khusro Bakhtyar, Federal Minister for Industries & Production on Wednesday said the new auto policy would focus on growth of industry together with affordability, quality,...

Daily Times May 20, 2021 ISLAMABAD: Federal Minister for Industries and Production Makhdum Khusro Bakhtyar held consultative sessions with representatives of the Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) separately. Advisor on Commerce, Trade & Investment, Razzak Dawood and Secretary Industries and Production Sohail Rajput also joined the meeting. The meeting aimed to discuss the proposals submitted by both...

Upcoming Auto Policy Will be All About Electric and Cheap Cars Federal Minister for Industries & Production, Makhdum Khusro Bakhtyar, held a consultative session with representatives of Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts & Accessories Manufacturers (PAAPAM) separately. In the consultative sessions with auto sector stakeholders to discuss the Auto Industry Development & Export Plan (AIDEP) 2021-26, the Minister said that the government wou...

The industries minister says that the government will like to see an increased footprint of electric vehicles to improve the environment and to reduce oil import bill. Reuters/File ISLAMABAD: Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar on Wednesday said the new policy would focus on growth and development of the automotive industry together with affordability, quality, availability and indigenisation. In consultative sessions with auto sector stakeholders to discuss...

Chinese carmakers want the government to incorporate tax and other incentives to encourage investors to ‘localise’ hi-tech EV (electric vehicle) parts in the upcoming Auto Industry Development and Export Programme (AIDEP) 2021-26. — File photo LAHORE: Chinese carmakers want the government to incorporate tax and other incentives to encourage investors to ‘localise’ hi-tech EV (electric vehicle) parts in the upcoming Auto Industry Development and Export Programme (AIDEP) 2021-26 expecte...

THE approval of Pakistan’s first electric vehicle policy towards the end of last year has given rise to an ongoing media debate. It has been pointed out that while we are now one step closer to a pollution-free environment, a greener future will depend a lot on the development of fast-charging electric vehicle batteries and the availability of charging infrastructure on roads and highways. The new EV technology is considered a game changer for the environment and promises various benefits to ...

Govt Renames EV Board to Pakistan Technology Development Board The federal government has decided to rename the Electric Vehicle Development Board the ‘Pakistan Technology Development Board’, in consideration of the Engineering Development Board’s (EDB) limited capacity to deal with new technologies. Sources told Propakistani that the decision was made during the last meeting on the formation of the Electric Vehicle Development Board held at the Ministry of Science and Technology under th...