Auto Industry Development and Export Policy (AIDEP), 2021-2026

The government of Pakistan has launched a new Auto Industry Development nad Export Policy  AIDEP 2021-2026 for making more easy and sustainable production of vehicles and to make Pakistan a competitive manufacturer of auto parts at local markets to decrease import bills.

Auto Industry Development and Export Policy 2021-26

AIDEP 2021-26 has mainly focused on local production and providing high-quality vehicles to the customers in the country which will help to earn valuable foreign exchange and for this government has reduced the sales tax on 850CC cars along with exemption from value-added tax in the Federal Budget. This policy will provide an open window to start a business of export for stakeholders who have an interest in vehicles or their parts.

Pakistan is also looking for Electric Vehicles  (EVs) and is very determined to innovate in the EV market in Pakistan including charging infrastructure. It will decrease the consumption of oil and as a result of which air pollution can be overcome. Moreover, the government has started a decrease in tariff structure and made it more rational to promote the auto industry in Pakistan with an objective of localization, which is to encourage the local auto industry to come up with high-quality vehicles in an affordable range.

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Auto Industry Development and Export Policy 2021-26