Pakistan’s Auto Sector Witnessing Increased Investment and Innovation

Pakistan: Pakistan’s auto sector is witnessing increased investment and innovation due to the support of Special Investment Facilitation Council (SIFC).

According to Radio Pakistan, over the past three years, the Electric Vehicle (EV) Policy introduced with SIFC’s facilitation emerged as a significant milestone in fostering innovation and development in the automotive industry. A business-friendly environment has encouraged leading international auto brands to introduce modern vehicles and electric vehicle technologies in Pakistan.

Pakistan’s automotive industry has an annual production capacity of five hundred thousand units, giving it the potential to meet both domestic and international demand. With SIFC’s support, efforts are underway to integrate Pakistan into the global automotive value chain through a new auto policy and a refurbishment export model.