Pakistan is likely to extend its existing Auto Industry Development and Export Policy (AIDEP) for another year as efforts to finalize a new automotive policy remain unresolved.
Discussions between relevant authorities, the IMF, and the Tariff Policy Board have not yet resulted in a complete agreement on the proposed framework.
The previous AIDEP policy officially expired at the end of June, but the replacement policy is still under review.
Officials have indicated that the revised draft will require further consultations and negotiations with the IMF before it can be formally approved and implemented.
Until a new policy is finalized, the existing framework will continue to guide the automotive sector, providing temporary stability for manufacturers, investors, and consumers.
The extension will allow more time for authorities to address tariff reforms, industry concerns, and long-term strategies aimed at promoting local production, exports, and growth in Pakistan’s automobile industry.
