PAKISTAN’S draft auto policy 2026-31 is ambitious in its targets and directionless in its strategy. It promises electrification, export growth, greater competition, and stronger local manufacturing. However, some of its most consequential incentives threaten to undermine these very goals. The proposed policy aims to generate $6bn in exports over five years, while reducing import tariffs and promoting ‘new’ energy vehicles. These are sensible goals. But targets cannot be achieved without a credible strategy. The draft sent to the cabinet for its approval needs a fundamental rethink before it becomes policy. Consider the proposed........

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