Friday, December 27, 2024
spot_img
HomeCurrent AffairsCommerce Minister Pledges Support For Local Truck Manufacturers

Commerce Minister Pledges Support For Local Truck Manufacturers

On July 23, Federal Minister for Commerce, Jam Kamal Khan, assured members of the Pakistan Automotive Manufacturers Association (PAMA) of his support in addressing their urgent concerns.

The Commerce Minister pledged support for local truck manufacturers in a move to strengthen the local automotive industry, according to a press release. During the meeting, Jam emphasized the government’s commitment to enhancing the local manufacturing sector, which he believes is crucial for increasing the country’s exports and local industrialization.

PAMA members identified serious concerns and issues faced by them. Minister Jam Kamal expressed his intention to personally visit truck manufacturers, stating, “If our trucks meet international standards,

we must support our local industry,” highlighting the potential for domestic manufacturers to significantly contribute to Pakistan’s export growth. Waheed warned that “special incentives for imports will destroy local manufacturers” and urged Minister Khan to intervene and support policies that build confidence in the local industry. He stressed the importance of a long-term policy framework that would favor local production and ensure the sustainability of domestic manufacturers. This meeting comes at a time when the Pakistani automotive sector is witnessing significant growth

Author

Latest Articles