Roadmap urged for competitive auto industry

ISLAMABAD: The Competition Commission of Pakistan (CCP) has stressed that a competitive automobile industry can deliver significant benefits to consumers and the economy, including lower prices, improved quality, greater choice, and enhanced export potential.

Unveiling a comprehensive report, “The Road to Fair Competition — A Study of Pakistan’s Automobile Industry”, the watchdog on Monday highlighted structural and regulatory challenges in the sector and recommended wide-ranging reforms, including a long-term policy roadmap, improved vehicle financing, and removal of regulatory distortions to foster competition and efficiency.

The commission expressed the hope that the study will inform policymakers, regulators, and industry stakeholders and support the development of a modern, competitive, and globally integrated automobile sector in Pakistan.

The automobile industry remains a cornerstone of Pakistan’s economy, contributing approximately 2.8 per cent to GDP and employing more than 215,000 people directly. As a key segment of Large-Scale Manufacturing, it plays an important role in industrial growth, technology transfer, and domestic value addition,........

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