PAAPAM takes exception to electric vehicle decision by cabinet.


LAHORE -- The Pakistan Association of Automotive Parts and Accessories Manufacturers has taken strong exception to the cabinet decision and giving its consent to an 'Electric Vehicle Policy' without taking the industry on board. PAAPAM Chairman Muhammad Akram noted with concern that instead of supporting the already troubled local Auto Industry these type decisions send wrong signals. With an active Auto Development Policy in place already and with over 16 licences issued to potential investors and new Auto Electric vehicle policy will only create more confusion. He reiterated that defective policy making results in industrial disasters.

It is these types of adhoc decisions that result in excessive External debt creations and transfer of jobs to other countries rather than in Pakistan. Any policy making must evaluate the full value chain and cross value chains of other...

To continue reading