The meeting was attended by Secretary Industries and Production, Saif Anjum, and CEO of the Engineering Development Board (EDB), Hammad Mansoor, along with other relevant stakeholders.

During the meeting, detailed deliberations were held on the new auto policy, with a strong emphasis on the localization of auto parts manufacturing. Haroon Akhtar Khan stated that promoting the local production of auto parts remains the core objective of the government’s auto policy.

Secretary Industries and Production, Saif Anjum, informed participants that the Ministry is in the process of compiling a comprehensive list of auto parts that can be manufactured locally. He further highlighted that, over the next five years, adequate protection will be provided to domestically produced parts to support the growth of the local industry.

Haroon Akhtar Khan underscored that the new auto policy will be comprehensive and geared towards fostering the domestic automotive sector. He reiterated that reducing vehicle prices through effective policy measures remains a key priority of the government.

The meeting also discussed proposals to introduce special incentives for electric vehicle (EV) parts manufacturing. The Secretary Industries noted that these incentives are currently under consideration to encourage investment in emerging technologies.

Emphasizing the need for modernization, Haroon Akhtar Khan urged auto parts manufacturers to transition towards electric vehicle technology to remain competitive in the evolving global market.

He further stated that, under the leadership of Prime Minister Shehbaz Sharif, the new auto policy will significantly enhance local production and boost exports. The SAPM assured that the policy will be formulated through extensive consultation with all stakeholders.

Haroon Akhtar Khan directed the Engineering Development Board to engage with all relevant stakeholders to ensure an inclusive and effective policy framework.