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In a joint letter, the Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) informed State Bank of Pakistan Governor Jameel Ahmed that the industry was facing extinction as all supply lines of imported parts and accessories and tooling are completely chocked due to SBP’s restrictions and lack of cooperation from banks.
Auto Industry Wants Import Curbs to End Read More
According to Mashhood Khan, the former chairman of the Pakistan Auto Parts Manufacturers Association, due to the temporary closure of plants by the automakers, the demand has almost reduced to nil.
Automobile Demand Next to Nil Read More
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.
Road Isn’t Going to be Easy for Local Assemblers Read More
Auto part vendors have urged the State Bank of Pakistan (SBP) to increase their foreign exchange quota by 51% to $13 million a month from the current $8.59 million to avoid supply-chain disruption in the industry and streamline matters in line with the government’s policy.
Vendors Want 51% Increase in Quota for Import of CKD Parts Read More
Pakistan’s auto parts manufacturers have said that they are facing the worst crisis in history as small units in the industry are going bankrupt because of the domino effect of currency depreciation, spiraling inflation, rising freight costs, escalating utility tariffs, mounting bank interest, skyrocketing material cost and working capital crunch.
Auto Parts Makers Fear They Will Go Bankrupt Read More
Pakistan Automotive Manufacturers Association (PAMA) has called out the government for demanding to rationalize car prices and said the country had a free market, and it was the market that decided prices, not the state.
PAMA Says Government Cannot Fix Car Prices Read More
Local auto parts manufacturers are demanding from the government, a waiver or reduction of Additional Custom Duties (ACD) on imports under SRO-655 in the Auto Policy 2021-26.
Auto Parts Manufacturers Seek Cut in Duties Read More
Chairman of Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) Abdul Rehman Aizaz expressed surprise over the government decision …
Auto Parts Makers Unhappy with New Auto Policy Read More
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.
PAAPAM Wants 10-year ‘Auto Parts Localization Policy’ to Reduce Car Prices Read More
Auto assemblers and auto parts manufacturers have asked the Federal Board of Revenue (FBR) not to force companies to submit their data repeatedly as it will only hurt the ease of doing business drive in the country.
Auto Sector Rejects FBR’s Data Demand Read More