Commerce Minister commits support to enhance Pakistan's automotive sector

July 24, 2024 (MLN): In a significant move to bolster the local automotive industry, Federal Minister for Commerce Jam Kamal Khan assured members of the Pakistan Automotive Manufacturers Association (PAMA) of his support in addressing their pressing concerns.

During a meeting on Tuesday, Jam Kamal Khan emphasized the government’s commitment to enhancing the local manufacturing sector, which he believes is crucial for increasing the country's exports and local industrialization.

PAMA members identified serious concerns and issues faced by them. Minister Jam Kamal expressed his intention to personally visit truck manufacturers.

"If our trucks meet international standards, it is imperative that we support our local industry," he stated, highlighting the potential for domestic manufacturers to contribute significantly to Pakistan’s export growth.

"The special incentives for imports will destroy local manufacturers," Waheed warned, urging the Minister to intervene and support policies that build confidence in the local industry.

He stressed the importance of a long-term policy framework that would favor local production and ensure the sustainability of domestic manufacturers.

This meeting comes at a time when the Pakistani automotive sector is witnessing significant growth.

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