PM Approves Auto Policy 2026 to Boost Production

News Desk

ISLAMABAD: Prime Minister has officially approved the Auto Policy 2026, aimed at enhancing production, exports, and competitiveness within Pakistan’s automotive sector.

The policy, which was ratified in a cabinet meeting, includes a series of strategic recommendations designed to stimulate growth in the auto industry.

Officials emphasized that the initiative is crucial for fostering local manufacturing capabilities and increasing the export potential of Pakistani vehicles.

This new policy is expected to have significant implications for the economy, potentially creating jobs and attracting foreign investment.

By bolstering the auto sector, the government aims to reduce reliance on imports and improve the trade balance, which has been a persistent challenge for the nation.

Looking ahead, the government plans to hold a series of consultations with industry stakeholders to refine the policy’s implementation.

Further announcements regarding incentives for manufacturers and timelines for achieving set targets are anticipated in the coming weeks.