PAKISTAN OFFERS IMPORT DUTY BREAKS TO LURE NEW FOREIGN AUTO MAKERS INTO ESTABLISHING NEW PLANTS
February 1st, 2016
THE PAKISTAN government has unveiled a new five-year industrial plan aimed at growing the country’s automotive manufacturing sector. The government says it will waive import duties on materials and technology needed to establish new auto plants in Pakistan and also reduce import duties charged on auto parts once these factories are operational.
The plan was released on Monday (March 21) by Khawaja Muhammad Asif, the federal minister for water and power. Speaking to journalists in the capital Islamabad, the minister said the policy incentives were designed to ...
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