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 173,518.82
409.23M
-3.56%
-6408.23
ALLSHR 105,463.40
895.64M
-3.48%
-3807.29
KSE30 51,709.62
172.22M
-3.72%
-1996.09
KMI30 244,367.91
157.85M
-3.61%
-9164.01
KMIALLSHR 67,803.26
534.35M
-3.35%
-2349.37
BKTi 49,017.52
55.15M
-3.88%
-1979.98
OGTi 34,971.98
16.59M
-3.44%
-1244.10
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 64,715.00 65,255.00
64,585.00
0.00
0.00%
BRENT CRUDE 85.78 86.35
85.02
1.05
1.24%
RICHARDS BAY COAL MONTHLY 105.75 0.00
0.00
-1.30
-1.21%
ROTTERDAM COAL MONTHLY 119.00 119.50
118.50
-0.50
-0.42%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 80.12 80.59
79.59
0.78
0.98%
SUGAR #11 WORLD 14.92 15.00
14.67
0.17
1.15%

Chart of the Day


Latest News
July 15, 2026 at 07:45 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 14, 2026 at 11:30 PM GMT+05:00

KP beats revenue target by over Rs21bn


July 14, 2026 at 08:31 PM GMT+05:00

Pakistan retires record Rs4.7tr debt ahead of maturity


July 14, 2026 at 08:14 PM GMT+05:00

Petrol to rise by around Rs8, HSD eyes massive Rs48 spike



Top 5 things to watch in this week

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