LAHORE, Dec 28: The Pakistan Association of Autoparts and Accessories Manufacturers has hailed the approval of a five-year auto-sector policy by Prime Minister Shaukat Aziz.

Association chairman Shariq Sohail and other office-bearers said the policy would help solve the problems being faced by stakeholders as the Industries department had formulated it in consultation with them.

They said the industry would also be able to formulate expansion and investment plans within the parameters of policy.