New Auto Policy Unveiled: Affordable, Eco-Friendly Vehicles

Pakistan's new auto policy, unveiled on Saturday, awaits cabinet approval and sets a five-year goal of $6 billion in automotive exports.

Attaullah Tarar and Haroon Akhtar Khan unveiled the final draft on Saturday; the prime minister has approved it and it goes to the cabinet next.

The five-year target raises automotive exports from $200 million to $6 billion, with rewards and penalties for manufacturers.

The policy adds incentives and tax concessions for EVs; charging-station setup is exempted from customs duty and sales tax is reduced.

45 additional safety standards are introduced to bring locally made vehicles closer to international benchmarks.

Petrol vehicles up to 800cc used by ordinary citizens are not affected, the minister said.

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