In Pakistan, the manufacturing licenses of three auto companies have been suspended because they couldn’t meet export targets and violated the country’s auto policy.
The Ministry of Industries and Production took this action due to various violations by these car and auto part manufacturers. These companies didn’t increase local car production and also failed to achieve the 2% export goals they were supposed to meet.
The government has decided not to extend their licenses. This development occurred at the same time when three major auto manufacturers in Pakistan temporarily shut down their production plants due to a shortage of essential raw materials.
On a positive note, Pakistan recently entered the global car market by exporting 14 modern SUVs to Kenya and Tanzania through a partnership between Pakistani and Chinese companies, particularly Master Changan Motors. This marks Pakistan’s entry into the car export industry, even during a challenging economic period.
