New Auto Policy Expected to Reduce Vehicle Prices: Akhtar

News Desk

ISLAMABAD: The government has announced a new auto policy aimed at reducing vehicle prices across the country, according to Haroon Akhtar, a prominent official in the Ministry of Industries.

The policy is set to be implemented in the coming months, with the goal of making automobiles more affordable for the average consumer.

Haroon Akhtar emphasized that the new policy will particularly benefit buyers of vehicles with engines up to 1,000cc. He stated, “This initiative is designed to stimulate the auto sector and provide relief to consumers who have been facing rising costs. We believe this will enhance competition and drive down prices significantly.” The policy is part of a broader strategy to boost local manufacturing and reduce reliance on imported vehicles.

The implications of this policy are significant for the Pakistani economy, which has been grappling with inflation and high vehicle costs. By making cars more accessible, the government hopes to increase consumer spending and stimulate economic growth. Additionally, this move could attract foreign investment in the auto sector, further bolstering local production capabilities.

Looking ahead, the government plans to hold consultations with industry stakeholders to finalize the details of the policy. Further announcements are expected in the coming weeks regarding specific measures and timelines for implementation.