Business Recorder•12 Nov 2026, 4:29 AM PKT
•1 min read
Business Recorder reported that Adviser to the Prime Minister Haroon Akhtar Khan outlined the Autos and Auto Parts Manufacturing Policy for 2026-2031. It aims to shift the industry from import-led vehicle assembly towards local production, higher domestic value addition and exports, with projected foreign-exchange savings of approximately USD17.7 billion over the period.
The framework sets cumulative export targets of approximately USD6 billion, including USD3.29 billion from parts makers and USD2.72 billion from vehicle manufacturers. It also includes Rs2.1 billion for a vendor technology programme, binding localisation conditions, and a 5 per cent drawback for eligible exporters, with a further 10 per cent incentive on qualifying incremental exports. The policy also links a concessional 5 percent customs duty for certain imported BEVs to domestic manufacturing commitments.
At a glance
- The policy projects USD17.7 billion in foreign-exchange savings during 2026-2031.
- Cumulative auto-sector export targets total approximately USD6 billion.
- The vendor technology programme has an allocation of Rs2.1 billion.
Sectors:Automobile AssemblerAutomobile Parts & Accessories
Originally reported by Business Recorder
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