Page 9 - Auto Industry Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 the largest export sector in the world. It is 54 percent of the global trade which is equivalent to n...

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 issued here. He said that government had provided major relief to the consumers by reducing Sales tax ...

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 more focused approach and incentives for carmakers and suppliers over a five-year period to drive la...

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 associations for Auto Industry Development & Export Plan (AIDEP), 2021-26. The minister indicated t...