Page 18 - Engineering Development Board News Today

ISLAMABAD: As the government has introduced tax incentives for assembling/manufacturing of mobile phones through the recently issued presidential order, at least three new mobile phone companies have shown interest in setting up their plants in Pakistan. The government had recently promulgated an ordinance abolishing withholding tax on locally manufactured mobile sets. The step was taken to encourage the assembling and manufacturing of mobile phone parts in the country. “Three new entrants ha...

The increasing import bill suggests low localisation even by existing assemblers.

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...

After an increase of 79%, imports of CKD/SKD kits for local assembly of cars have reached $468 million during the first seven months of the ongoing fiscal

A Pakistan-Chinese automotive joint venture, Master Changan Motors (MCM), plans to turn its $136 million complete knock-down (CKD) assembly plant in Karachi into a hub of export for the Chinese right-hand-drive cars to the regional countries. MCM is the only joint venture where a Chinese automotive manufacturer has actually invested capital in the project whereas most Chinese Original Equipment Manufacturers (OEM) interested in exploring their chances in Pakistani market are preferring ‘techn...

A Pakistan-Chinese automotive joint venture, Master Changan Motors (MCM), plans to turn its $136 million complete knock-down (CKD) assembly plant in Karachi into a hub of export for the Chinese right-hand-drive cars to the regional countries. MCM is the only joint venture where a Chinese automotive manufacturer has actually invested capital in the project whereas most Chinese Original Equipment Manufacturers (OEM) interested in exploring their chances in Pakistani market are preferring ‘techn...

KARACHI: A number of used imported vehicles are parked at the port on Saturday.—Fahim Siddiqi/White Star KARACHI: The 196 per cent hike in imports of completely built-up (CBU) cars to $94 million during the first half of the current fiscal year (1HFY21) has raised doubts in the auto sector if the import of new vehicles by recent market entrants is on the rise or the arrival of used vehicles is increasing. Talking to Dawn, auto sector stakeholders offered different views, with some expressing ...

A trailer loaded with around a dozen electric cars overturned on the National Highway near Sindh’s Nawabshah district on Friday

Car manufacturers seek clarity on incentives for new entrants By Official says AIDC meeting’s minutes indicates govt is favouring a manufacturer Official says a new entrant is selling and booking vehicles without having a plant in Pakistan LAHORE: Car manufacturers have asked the Engineering Development Board (EDB) to specify the cut of dates for them to seek benefits under the Auto Development Policy (ADP) 2016-21 being offered to new entrants, reported The News. The Pakistan Automotive Man...

Automakers demand clarity on incentives for new entrants Business February 10, 2021 LAHORE: Carmakers have asked the Engineering Development Board (EDB) to be specific about the cut off dates for availing incentives that Auto Development Policy (ADP) 2016-21 offers to the new entrants, an official said on Tuesday. Pakistan Automotive Manufacturers Association (PAMA) demanded clarity on those dates in a letter to the EDB, dated February 8, 2021. The official said apparently, in the light of th...