Manufacturing certificates of assemblers suspended
The Ministry of Industries and Production (MoIP) has reportedly not renewed the manufacturing certificates of automobile assemblers who have failed to meet export targets. Under the Auto Policy 2021-26, the manufacturers shall export 10 per cent of their import value by June 2026. To achieve this target, nearly 2pc addition in export is mandated so that total export shall be 10pc in five years till June 2026. Such exports could be completely built-up units or the components that are made in Pakistan through assemblers’ global supply chains. However, Pakistan Automotive Manufacturers Association (PAMA) Director-General Abdul Waheed Khan told Dawn that manufacturing certificates of all auto companies which could not meet their export targets were not renewed and their import quotas were also not uploaded as well. “Reports regarding cancellation of manufacturing licences of three assemblers [are misleading],” he said, adding that the electronic media is flashing the news regarding the suspension of the manufacturing licences of three assemblers without naming any of them,