Govt announces auto policy with focus on cheaper vehicles, EVs

AI Summary

Pakistan’s federal government announced a new auto policy centered on affordable vehicles and electric-vehicle adoption. Its six pillars also include exports, local manufacturing, vehicle safety, and transparency.

The federal government on Saturday introduced the new auto policy, with a special focus on cheaper vehicles and electric vehicles (EVs). Information Minister Attaullah Tarrar and Special Assistant to the Prime Minister Haroon Akhtar announced the policy while addressing a press conference in Islamabad. Speaking to the media, Akhtar said that a lot of work was done in drafting the policy, adding that Prime Minister Shehbaz Sharif had invested a lot of time in this regard. He said that the policy rested on six basic pillars: cheaper vehicles, especially for the middle class and lower middle class; exports; localisation; vehicle safety; promotion of EVs; and transparency. More to follow