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Tag Archives: auto

‘Shining New’ vs. ‘Out-Of-Date’

  Imported used cars – A cause of discomfort for local industry The people in the local auto industry are on cloud nine after hearing from the government that the age limit for imported used cars has been reduced from five to three years. It is refreshing to hear such good news amidst the never ending plethora of unpleasant tidings. The government has given a reason to car buyers to …

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Auto sector: An emerging sector in Pakistan exports

  Top Chinese firm Zotye holding group taking interest to make Pakistan an export base country for automobiles Auto sector is one of the emerging sectors in Pakistan exports and efforts are being taken by Trade Development Authority of Pakistan (TDAP) for the promotion of exports of this sector to the world over. A leading Chinese Group Zotye Holding Group has expressed its interest to make Pakistan an export base …

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Subdued performance of auto sector

  Pakistan Automotive Manufacturers’ Association (PAMA) has released its monthly sales data for the month of August registering growth of over 76%MoM, in indication of strong recovery from the adverse impact of advance tax. The prime gainer in the month was Corolla with sale of 3,515 units. Despite the strong recovery the numbers remained under pressure on a cumulative basis, posting a decline of 11.3%YoY in 2MFY15. While auto industry …

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Automotive sector: key for economic stabilization

  Prices of locally-assembled vehicles are competitive with global prices Automotive sector is one of the fastest growing sectors in Pakistan, as it contributes towards the nation’s economy in the form of technology transfer, employment and revenue generation. Local vendors deem to play an important role in the growth of auto industry as they bear the responsibility of producing auto parts and sub-assemblies according to the benchmark set by the …

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Proposed phasing out established local brand causes stir among automakers

  Auto & Allied Industry The automobile industry performed extremely well in 2015 indicating stellar sales and demand growth mostly triggered by overall economic stability and bumper crops in the agriculture sector. This vital sector of the economy, however, it still needs protection in the forthcoming automobile policy with special reference to import of used cars, which is a real threat to local industrial base. Manufacturers as well as vendor …

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Auto industry possesses vast potential to fetch forex

  Import of used cars not bring in any investment While the auto industry has proved to be the engine of growth for any nation, in recent history, countries such as Japan, Korea, Thailand, Malaysia, Indonesia, India and Brazil have wholeheartedly supported their automobile industries and continuously making thrive. Presently there are three areas of support. Firstly, these countries have ensured 100 per cent access of domestic market to local …

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Auto industry moving ahead to form industrialization in Pakistan

  Local tractor industry urges govt to clear sales tax refunds of Rs3 billion For industrialization of any country, automobile sector can play a critical role. Auto sector is a unique industry, which is capital intensive as well as labor intensive in nature and helps to develop technologies in other areas of manufacturing such as steel, plastics, rubber, textiles, electrical & electronics etc. Due to this reason, in the last …

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Automotive development policy 2016-21 to provide more choice to the consumers

  The industry views it as a balanced policy with certain reservations The approval of auto policy 2016-21 by the Economic Coordination Committee (ECC) is aimed at removing uncertainty with regards to future duty structure and investment incentives in the automobile sector of Pakistan. In this regard, the Chief Operating Officer (COO) Indus Motor Company, Mr. Ali Asghar Jamali while reviewing the Auto Policy 2016-2021 approved said that Automotive Development …

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New auto policy to bring huge investment in Pakistan

  Finance Minister Muhammad Ishaq Dar has done well in bringing about a consensus prior to presentation and approval of Automotive Industry Development Policy (AIDP) for the next five years. The future will determine whether the new policy will help attract new investment to the automobile and auto-parts industry as the auto assembly is said to be the backbone of engineering industry in a country. The existing auto assemblers want …

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