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.

Editorial

Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...
Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...