Pakistan auto industry experts raise concerns over budget measures

Auto experts and analysts have voiced concerns over the recently announced federal budget, warning that some of its measures could hurt Pakistan’s automobile sector and calling on the government to introduce safeguards for the industry. Speaking to Business Recorder, Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) senior vice chairman and auto analyst Shehryar Qadir said it was disappointing to see the government’s direction in the federal budget for the upcoming fiscal year with regard to the auto sector. “It is a poor outcome all round for the auto industry. While the government keeps stressing on strengthening the economy and promoting local manufacturing, the actions taken oppose that completely,” Qadir said.