Proposed Auto Policy: PAMA asks Secy I&P to share draft before finalisation

Business Recorder reported that the Pakistan Automotive Manufacturers Association (PAMA) has asked the secretary of Industries and Production to involve the industry in drafting the proposed Auto Policy and to circulate the text before it is completed. The request follows reports that a draft, already prepared, could be sent to the Prime Minister for approval. Those reports suggested the draft might bring punitive steps, such as incremental tariffs and possible cancellation of manufacturing licences, if demanding export targets are missed.

PAMA Director General Razi ur Rahman said the industry backs higher exports but believes incentives, facilitation and a predictable policy framework would work better than penalties. He added that export growth is a long-term process that needs investment in technology, product development, localisation, certifications and supply chains. He also noted that export performance depends on factors outside manufacturers' control, such as global demand, exchange rates, trade deals and logistics.

The association wants the policy to be stable, transparent and consultative, with achievable objectives and incentives for both assemblers and the vendor industry. Rahman said the auto industry would welcome sight of the draft so it can review and discuss it before final approval.