Pakistan Shares Auto Policy 2026–31 Draft With IMF
Virtual talks are expected as the government moves the five-year policy towards cabinet approval, according to Ministry of Industries and Production sources.
Pakistan shares the draft Auto Policy 2026-31 with the IMF; PM Shehbaz has approved it for cabinet, and it proposes standards certificates for imports.
Pakistan has shared the draft of its proposed Auto Policy 2026–31 with the International Monetary Fund (IMF), and virtual discussions are expected as the government seeks to move the policy towards approval, according to sources in the Ministry of Industries and Production.
Talks With the IMF
The discussions are expected to cover taxation measures and the government’s plans for the automotive sector. On electric vehicles, the government has proposed offsetting any tax revenue effects through alternative sources. Officials are also expected to brief the IMF on implementing a levy on vehicles valued at more than Rs20 million.
Prime Minister’s Approval
Prime Minister Shehbaz Sharif has approved the draft, which is to go to the Federal Cabinet for final approval. Ministry of Law officials briefed him on the policy, after which he directed that it be placed before the cabinet.
What the Policy Proposes
The five-year framework aims to balance prices between locally manufactured and imported hybrid vehicles, and proposes making certificates confirming compliance with relevant standards mandatory for imported vehicles.
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