Pakistan's auto assemblers imported a record $2.118 billion in CKD/SKD kits in FY26, a 92% increase from FY25, exposing low local manufacturing. This surge is straining the State Bank's foreign exchange reserves, which remain below $18 billion. Auto parts makers are demanding an immediate review of the National Tariff Policy to conserve foreign exchange and protect local industry from unchecked imports. Continued pressure on foreign reserves could lead to further PKR depreciation, potentially driving up local gold and silver prices.
بحوالہ / Source: www.dawn.com