New Auto Policy Targets $6bn in Exports by 2031
Haroon Akhtar said localisation is being made compulsory, and the policy aims to make Pakistan’s auto sector an export hub.
Pakistan’s Auto Policy 2026-31 targets $6 billion in exports, makes localisation compulsory and expects to save $17.7 billion in foreign exchange.
The government has set a $6 billion export target for the automotive industry for 2026 to 2031 under the Auto Policy 2026-31. Haroon Akhtar announced it on Wednesday at a meeting he chaired on implementing the new auto policy.
Localisation and Export Hub
Akhtar said localisation is being made compulsory, with domestic manufacturing given a central role. The policy aims to make Pakistan’s auto sector an “export hub.” The government expects local production and localisation to save $17.7 billion in foreign exchange.
Support for Auto Parts Makers
The auto parts industry has been assigned a 55% share of total exports. A total of 2,200 local auto parts manufacturers will receive special support, and a Rs2.1 billion programme will upgrade vendors and improve their production capacity. The policy also aims to make better use of unused industrial production capacity.
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