PM Approves Auto Policy Draft: Focus on Localisation, EVs, and Consumer Protection

Prime Minister Shehbaz Sharif has approved the final draft of Pakistan's Automotive Industry Policy, which will now go to the Federal Cabinet. The policy prioritizes localisation to reduce import dependency, promotes Electric Vehicles (EVs) to cut the oil import bill, and includes measures for consumer protection and transparency. This initiative aims to transform the automotive sector into an export-oriented industry, strengthening the economy and potentially supporting the Pakistani Rupee in the long term by improving the current account balance.

بحوالہ / Source: www.brecorder.com