KARACHI: Two Memorandums of Undersanding (MoUs) between Paapam and Iraq’s Chamber of Commerce and Industry were signed for the promotion of Pakistani auto parts.
The MoUs were signed during the visit of Commerce Minister Khurram Dastagir Khan to the three-day Pakistan Auto Show at the Expo Centre, Lahore.
Besides, he distributed export trophy awards among Paapam members. The government will soon announce automobile policy which will create a balance in the interests of all stakeholders, he said.
He noted, “The new policy will focus on attracting more investment and generating maximum jobs,” addressing the members of automobile industry. He said under the Strategic Framework Trade Policy, which is to be announced in couple of months, the engineering sector will enjoy priority.
On the occasion, Paapam Chairman Siddique Mistri apprised the minister of issues faced by the auto industry mainly increase in duties on steel imports. He also called for allocation of funds from EDF for setting up auto parts testing centres, and for establishing display centres to showcase their products.
