Pakistan’s domestic auto industry might soon face a safety reckoning, as the government looks to enforce international standards without the crucial infrastructure to do so at home. Without a local testing facility, the Ministry of Science and Technology (MoST) is pushing for vehicles to be inspected overseas, a proposal that is rattling local automakers. For … Read more
Up to 50% of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets, BYD Pakistan, a partnership between China’s BYD and Pakistani car group Mega Motors, said. Warren Buffett-backed Chinese electric vehicle giant BYD last month announced its entry into Pakistan, making the South Asian nation … Read more
ISLAMABAD: As Pakistan’s auto policy enters its second phase, aimed at facilitating new entrants and boosting exports, the Ministry of Industries and Production is now considering a new policy specifically for parts manufacturing. During the fifth meeting of the Auto Industry Development and Export Committee (AIDEC) held on Tuesday, it was suggested that a separate … Read more
LAHORE: Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has announced that the tractor industry is on the brink of a complete shutdown due to prolonged delay in releasing general sales tax (GST) refunds by the Federal Board of Revenue (FBR) and the recent implementation of a new GST regime under Statutory Regulatory Order … Read more