Auto policy to boost investment: Dastagir

Published March 8, 2015
KARACHI: Commerce Minister Khurram Dastagir visits a stall in Pakistan Auto Show at Expo Centre on Saturday.—APP
KARACHI: Commerce Minister Khurram Dastagir visits a stall in Pakistan Auto Show at Expo Centre on Saturday.—APP

KARACHI: The government will soon announce automobile policy which will create a balance in the interests of all stakeholders, said Commerce Minister Khurram Dastagir Khan on Saturday.

“The new policy will focus on attracting more investment and generating maximum jobs,” said the minister while addressing the members of automobile industry after visiting various stalls at the three-day Pakistan Auto Show at the Expo Centre.Khurram said under the Strategic Framework Trade Policy, which is to be announced in couple of months, the engineering sector will enjoy priority.

He hoped that such shows would be held every year to showcase Pakistan’s auto products and boost exports.He also highlighted the measures taken by the government to revive the economy.

The minister also witnessed signing of two MoUs between Paapam and Iraq’s Chamber of Commerce and Industry for promoting Pakistani auto parts. Besides, he distributed export trophy awards among Paapam members.

Paapam Chairman Siddique Mistri apprised the minister of issues faced by the auto industry mainly increase in duties on steel imports.

He also called for allocation of funds from EDF for setting up auto parts testing centres, and for establishing display centres to showcase their products.

Khurram assured that the chairman of Paapam would be placed as member of the board of Export Development Fund (EDF) for 2016-17.

Published in Dawn, March 8th, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...
Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...