ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) successfully launched its much-anticipated new book, “Driving Backwards: What is Wrong with Pakistan’s Automobile Industry?” at an event held at the National University of Modern Languages (NUML) in Islamabad today. The book provides a comprehensive analysis of Pakistan’s underperforming automobile sector and presents a roadmap for its … Read more
Pakistan’s auto industry sees ongoing price hikes due to economic instability. Industry players typically offer no explanation for price changes. Consumers brace for continued price increases in the near future. Due to economic instability and a perceived lack of direction from the Kakar-led interim government, challenges persist in Pakistan’s auto industry, specifically in the form … Read more
In October 2023, the Pakistani automotive sector faced a significant downturn, marked by a substantial decline in passenger car sales and production. According to data released by the Pakistan Automotive Manufacturers Association (PAMA), the industry witnessed a 24.33% month-over-month (MoM) drop in car sales, totaling 4,850 units compared to the previous month’s 6,410 units. On … Read more
KARACHI: The local auto industry will produce around eight million vehicles in different categories annually by 2026, an official of the Engineering Development Board (EDB) said on Tuesday. “The new auto policy has a strong focus on exports, as well as capacity enhancement of the industry,” EDB chairman Almas Hyder said, while speaking at the … Read more
