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

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...