Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar has assured local auto assemblers that all imported vehicles will adhere to the same safety and quality regulations that apply to local manufacturers. The issues of undervalued customs assessments will be taken up with the Federal Board of Revenue (FBR) and Customs Valuation, he informed the local vehicle assemblers during a meeting held in Islamabad on Thursday. The government remains committed to ensuring a fair and competitive playing field. “
Fixed valuations and import trade prices (ITPs) for used vehicles must be updated and reviewed annually. The Ministry of Industries will continue prioritising local manufacturing, job creation, and a progressive auto policy to encourage competitive pricing, which ultimately benefits Pakistani consumers,” Mr Akhtar stated.