Prime Minister Shehbaz Sharif endorsed the framework for Pakistan's fresh Automotive and Auto Parts Manufacturing Policy 2026-31, while the federal cabinet anticipates granting ultimate authorization shortly, insiders disclosed to ProPakistani recently.
The five-year framework establishes the path for the national automotive sector following the expiration of the prior policy on June 30, 2026, and heads to the forthcoming federal cabinet session for execution.
Uncertainty previously plagued manufacturers due to the delay, impacting choices concerning production figures, financial outlays, and automobile pricing.
Strengthening the domestic automotive sector through higher local production, drawing investments, and enhancing market competitiveness forms the core intention of the suggested policy.
Connecting locally produced vehicle components into global supply networks also constitutes a primary objective.
Gradual reductions in vehicle tariffs make up one of the primary recommendations.
Seven guiding principles for industry transformation and specific export targets designed to broaden Pakistan's footprint in foreign markets comprise the new system.
