New Auto Policy 2026–31 receives in-principle approval
PM Shehbaz Sharif gave in-principle approval to the Auto Policy 2026–31. It will next go to the IMF for clearance, then the Economic Coordination Committee, federal cabinet, Parliament, and finally a Finance Bill. The policy prioritizes promotion of EVs and hybrids, local manufacturing, technology transfer, and reduced reliance on imported petroleum.
New Auto Policy 2026–31 receives in-principle approval
PM Shehbaz Sharif gave in-principle approval to the Auto Policy 2026–31. It will next go to the IMF for clearance, then the Economic Coordination Committee, federal cabinet, Parliament, and finally a Finance Bill.
The policy prioritizes promotion of EVs and hybrids, local manufacturing, technology transfer, and reduced reliance on imported petroleum. It follows earlier delays linked to industry disagreements over EV/hybrid frameworks, taxation, and localisation. Related reporting notes significant tax relief for new energy vehicles (e.g., 1% sales tax on NEVs and related kits/parts, exemptions from certain other taxes) while maintaining some protection for existing conventional vehicle assemblers.
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Najeeb Khan
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