Anticipation of 1 Million Units & the Sudden Brake 1

Anticipation of 1 Million Units & the Sudden Brake

Not so long ago, Pakistan was planning to enhance its annual automobile production from the existing 250,000 units to about 1 million units over the next 5 years. But even before the flight to achieve that dream could take off, the local auto industry was hit hard by the recent import restrictions by the State Bank which badly exposed the high localization claims made by the local assemblers. Even the production of decade-old vehicles has been hampered due to lack of sufficient localization achieved during all these years.

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Road Isn't Going to be Easy for Local Assemblers 8

Road Isn’t Going to be Easy for Local Assemblers

It is expected that the output figures of locally assembled automobiles are going to remain significantly lower in future and assemblers will continue to observe non-production days till the import restrictions are lifted. How the industry is going to survive in these tough times with the absence of Plan B, is something we will have to watch out for.

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