Karachi: Pakistan’s automotive industry is experiencing a surge in investment and innovation, largely driven by the support of the Special Investment Facilitation Council (SIFC). Industry stakeholders report that the introduction and implementation of the Electric Vehicle (EV) Policy over the past three years has been a catalyst for the sector’s development, enabling the introduction of modern vehicles and EV technologies.

According to Radio Pakistan, the establishment of a business-friendly environment has facilitated the entry of leading international automobile brands into the Pakistani market. These developments are part of broader efforts to integrate the nation into the global automotive value chain. With an annual production capacity of 500,000 units, Pakistan’s automotive industry is poised to cater to both domestic and international markets.

Efforts supported by SIFC are focused on enhancing the country’s position within the industry through the creation of a new auto policy and the introduction of a refurbishment export model. These initiatives aim to further embed Pakistan in the global automotive landscape, boosting the industry’s growth and sustainability.