The Pakistan Automotive Manufacturers Association (PAMA) has chastised the government for asking that car costs be rationalized, claiming that the country has a free market and that pricing are set by the market, not the government.
“The automobile sector is intertwined with the global marketplace. PAMA Director General Abdul Waheed Khan responded to a question by saying, “The cost of raw materials and parts are quite different, and the government cannot fix automobile prices.”
Government authorities requested vehicle assemblers to rationalize significantly high car costs despite tax advantages offered to them at a meeting of the auto sector monitoring committee last week.
Paapam, the Competition Commission of Pakistan (CCP), the State Bank of Pakistan (SBP), the Federal Board of Revenue (FBR), the Ministry of Commerce, and the Ministry of Industries and Production have constituted a committee.