Can We Settle the Localization Debate With This?

Auto assemblers operating in Pakistan make bold claims to have achieved higher localization of up to 70% in local assembled cars, however there are many circles including the auto parts vendors who blame assemblers for insufficient localization, which is why car prices are always 100% vulnerable to forex rates.

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PAAPAM Wants 10-year ‘Auto Parts Localization Policy’ to Reduce Car Prices

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has appreciated Prime Minister Imran Khan for taking notice of higher automobile prices in the country, which is mainly due to lower localization of parts and government’s strict tariff and taxation policy.

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