Government engages auto industry on incentives, policy reforms ahead of budget

Haroon Akhtar pledges full support to local auto manufacturers

ISLAMABAD: Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, reaffirmed the government’s commitment to supporting local manufacturers, with a strong focus on revitalising the automotive sector.

Speaking during a meeting with representatives of the Pakistan Automotive Manufacturers Association (PAMA), Akhtar emphasized the government’s intent to resolve longstanding issues faced by the industry and promote long-term growth. The meeting addressed matters such as tariff rates, regulatory duties, the upcoming federal budget, and the development of a long-term policy framework.

According to a news release, leading automotive players including Honda, Toyota, Suzuki, Kia, Hyundai, Yutong, and Sazgar attended the session. Akhtar Khan reiterated that the Prime Minister’s vision places priority on industrial development and seeks to create incentives for the promotion of electric vehicles in Pakistan.

He assured the manufacturers that the government was fully cognizant of their challenges and pledged to take all necessary steps to promote the sector and ensure its sustainable growth. “The government stands by its local industry and is determined to support its long-term development,” he said.

To formulate actionable solutions, Haroon Akhtar instructed PAMA to work closely with the Ministry of Industries and Production in drafting a comprehensive proposal addressing the sector’s requirements and concerns.

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