Auto sector calls for prime minister’s intervention
KARACHI: Fearing an existential crisis, auto assemblers under the umbrella of the Pakistan Automotive Manufacturers Association (PAMA) and their vendors have asked Prime Minister Shehbaz Sharif to hold an immediate meeting with stakeholders regarding the proposed reduction in completely built-up (CBU) import tariffs and the delay in the new auto policy. They said the local auto industry is still…
The Pakistan Automotive Manufacturers Association (PAMA) and their vendors have urgently called on Prime Minister Shehbaz Sharif to hold a meeting with stakeholders regarding proposed reductions in completely built-up (CBU) import tariffs and the delay in the new auto policy. PAMA Director General Abdul Waheed Khan expressed concerns that the proposed tariff reductions could lead to the permanent closure of vehicle manufacturing plants, loss of 1,324 auto parts manufacturers, and adverse effects on the livelihoods of approximately 2.5 million people.
Khan urged the government to exclude the automotive sector from tariff reductions and introduce a stable, long-term automotive policy framework to ensure predictable tariff structures and sustainable production volumes. The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) also sought a meeting with the prime minister to present its vision and recommendations for building a vibrant, competitive auto sector.
Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
