Govt. reaffirms commitment to boost automotive sector

News Image

MG News | May 06, 2025 at 04:51 PM GMT+05:00

May 06, 2025 (MLN): To support local manufacturers, Special Assistant to Prime Minister on Industries and Production Haroon Akhtar Khan reaffirmed the government's commitment, emphasizing the importance of boosting the automotive sector.

He made these remarks during a meeting with representatives from the Pakistan Automotive Manufacturers Association (PAMA) to discuss various issues, including tariff rates, the upcoming budget, regulatory duties, and long-term policies, according to a news release.

The meeting was attended by key automotive manufacturers, including Honda, Toyota, Suzuki, Kia, Hyundai, Yutong, and Sazgar.

Akhtar Khan further highlighted that the Prime Minister’s vision focuses on providing incentives for the promotion of electric vehicles, as APP reported.

He assured manufacturers that every possible step would be taken to promote the sector and ensure its growth.

He also stressed that the Prime Minister’s vision aims for long-term sustainability and development, ensuring that all the challenges faced by automotive manufacturers would eventually be addressed and resolved.

Additionally, Haroon Akhtar Khan assured the automotive manufacturers that the government is fully aware of the difficulties they are facing and would continue to stand by them.

Akhtar Khan instructed PAMA to collaborate with the Ministry of Industries and Production in preparing a proposal to address the sector's concerns and requirements.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 172,013.48
371.01M
2.38%
3994.62
ALLSHR 103,148.97
839.44M
2.13%
2147.61
KSE30 50,618.51
237.90M
2.44%
1206.74
KMI30 246,398.18
133.03M
2.42%
5817.20
KMIALLSHR 66,639.08
402.94M
2.04%
1329.92
BKTi 47,126.50
83.39M
2.61%
1200.64
OGTi 34,400.13
6.65M
1.60%
541.32
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,060.00 77,430.00
76,450.00
220.00
0.29%
BRENT CRUDE 105.86 107.24
104.27
1.09
1.04%
RICHARDS BAY COAL MONTHLY 129.00 129.00
129.00
0.75
0.58%
ROTTERDAM COAL MONTHLY 142.50 0.00
0.00
0.35
0.25%
USD RBD PALM OLEIN 1,182.50 1,182.50
1,182.50
0.00
0.00%
CRUDE OIL - WTI 97.43 98.69
96.12
0.97
1.01%
SUGAR #11 WORLD 18.46 19.06
18.39
-0.60
-3.15%

Chart of the Day


Latest News
November 04, 2026 at 11:31 PM GMT+05:00

IMF board meeting expected next month


November 04, 2026 at 10:56 PM GMT+05:00

Petrol price slashed by Rs7.06, diesel by Rs3.71 per litre


November 04, 2026 at 10:52 PM GMT+05:00

ECC approves Rs358bn grants for defense, water projects


November 04, 2026 at 10:46 PM GMT+05:00

Pakistan secures $3bn Saudi loan rollover


November 04, 2026 at 05:05 PM GMT+05:00

Govt urged to automate passport services, cut delays



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg