ISLAMABAD:
The federal government will quickly current a complete Auto and Tractor Coverage geared toward strengthening native manufacturing and indigenisation, the Particular Assistant to the Prime Minister (SAPM) on Industries and Manufacturing, Haroon Akhtar Khan, stated on Wednesday.
In line with a press release, Akhtar Khan chaired a gathering with the chief govt officer of Millat Tractors, Sikandar Mustafa, to debate the long run roadmap of Pakistan’s auto and tractor sector. Federal Secretary for Industries and Manufacturing Capt (r) Saif Anjum additionally attended the assembly.
The discussions targeted on the upcoming Auto Coverage, Tractor Coverage and measures to advertise native manufacturing and indigenisation within the engineering sector. The SAPM stated that, beneath the instructions of Prime Minister Shehbaz Sharif, a complete and forward-looking Auto and Tractor Coverage will quickly be offered. He emphasised that the coverage has been formulated after rigorously contemplating the challenges confronted by the auto sector.
He stated the coverage was designed to supply a balanced and growth-oriented framework, with an emphasis on strengthening home manufacturing and supporting export-led progress. He added that Pakistan’s auto sector holds immense potential and might develop considerably by means of elevated localisation and improvement of home manufacturing and indigenisation. He added that the core goal of the brand new Auto Coverage is to empower industries, strengthen home manufacturing, and promote export-led progress.
Throughout the assembly, Sikandar Mustafa stated that Millat Tractors had achieved 90% localisation in tractor manufacturing. He added that the corporate had developed export capability and was at the moment exporting tractors to worldwide markets, reflecting the competitiveness of Pakistan’s engineering trade.
The SAPM directed the Engineering Growth Board (EDB) to make sure broad-based consultations with all stakeholders within the auto and tractor sector to develop an inclusive and sensible coverage framework that helps sustainable industrial progress.
