A recent meeting of the Senate Standing Committee on Finance has sparked fresh debate over Pakistan’s automobile industry. Senator Faisal Vawda claimed that just four companies control most of the market because of the current rules and policies.
The committee, chaired by Senator Saleem Mandviwalla, discussed vehicle safety standards, inspection rules, and who should control these matters. Vawda strongly criticised the Engineering Development Board (EDB). He said it was going beyond its powers in setting standards. He also alleged that the existing system causes big financial losses for the government and hurts fair competition.
Officials from the ministries told the committee that regulatory duties have been moved between departments. However, the full legal changes still need approval from Parliament. Lawmakers expressed worry about overlapping responsibilities between different government bodies.
Pakistan’s auto sector is an important part of the economy. It provides jobs and supports many related industries. But critics say high prices, limited choices, and weak safety rules have hurt consumers for years. Vawda also pointed to possible irregularities worth Rs125 billion linked to import restrictions that may have favoured local players.
The committee decided to review the matter again soon. The goal is to fix unclear rules and bring more fairness to the industry. Many hope clearer laws will encourage new companies to enter the market, improve car quality and safety, and benefit ordinary buyers.
