Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan chaired a meeting to discuss tariff issues related to the auto parts industry.
Haroon underscored the government’s commitment to addressing the industry’s concerns, stating that grievances of the auto parts industry would be formally presented before the Tariff Policy Board.
He directed PAAPAM to provide a detailed analysis of the level of protection the industry requires to remain competitive and sustainable.
In line with the Prime Minister’s directives, incentives would be provided to those industries that demonstrate increased productivity. This step aims to encourage growth and enhance the performance of the sector.
However, auto parts manufacturers expressed concerns that the proposed 15% customs duty could have a negative impact on the industry’s development and overall competitiveness.
He assured the manufacturers that they should place their trust in Prime Minister Shehbaz Sharif, affirming that their case would be strongly represented and defended before the Tariff Policy Board.
Furthermore, he instructed PAAPAM to submit brief reports to be reviewed in the next meeting to ensure continuous dialogue and progress on these issues.
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