KARACHI: Pakistan’s automotive parts and accessories manufacturing industry has lost Rs24 billion due to misuse of liberal import policy of used cars in the country, former office-bearers of the concerned body claim.
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“The automotive parts makers would have earned Rs24 billion against sales of their locally manufactured parts to car manufacturing industry if the country had not imported 80,000 used cars last year,” former chairman of the Pakistan Association of Automotive Parts & Accessories Manufacturers, Aamir A. Allawala, told a group of journalists.
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“On average, each car being manufactured in Pakistan carries locally manufactured parts worth Rs300,000,” he elaborated.
“A leading Japanese car manufacturer in Pakistan has invested Rs2 billion in setting up a new assembly line, but it went in vain due to sudden change in the policy in the past,” he said.
Published in The Express Tribune, February 22nd, 2018.
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