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EDB NEWS ARCHIVE

Progress on Implementation of Automotive Development Policy

EDB is executing the implementation of Automotive Development Policy 2016-21. Under the ADP 2016-21, 21 new entrants have been granted Greenfield  status and two closed units have been revived under the policy with commitment of more than 1 billion USD. Six companies have already started local manufacturing of Cars/HCVs/LCVs/SUVs etc. Furthermore, as per ADP 2016-21, Pakistan became member of United Nations Economic Commission for Europe (UNECE) WP.29 Regulations for compliances to safety of human life, environmental protection and sustainable growth of motorization in the country as well as harmonization of automobile regulations in line with global requirements. In this regard EDB is actively pursuing adoption for WP.29 regulations and several meetings are being held on regular basis.

Deliberations on Automotive Industry Development and Export Plan (2021-26)

As Automotive Development Policy is reaching its end, new Automotive Industry Development and Export Plan is being prepared by EDB. The new policy will envisage a mechanism to reduce smuggling, misdeclaration, under invoicing of various parts and components, which are hurting local part manufacturers in particular and vehicle manufacturing in general. As competition has been created in the local market, the focus of upcoming policy will be on Customer Satisfaction addition to sustainability, quality improvement, fair competition, reduction in delivery lead times and export enhancement.

In this regard series of meetings were held from January 25-27, 2021 with tractor industry, Pakistan Automotive and Manufacturers Association, Pakistan Association of Automotive Parts and Accessories Manufacturers, Motorcycles Industry, Pakistan Automobile and Spare Parts Importers and Dealers Association and other relevant stakeholders.

34th Meeting of the Auto Industry Development Committee

34th Meeting of the Auto Industry Development Committee was held on Thursday, 14th January 2021 under the chairmanship of Chief Executive Officer, Engineering Development Board (EDB) at Committee Room of Board Of Investment Islamabad.

The MOU Singed between EDB and PBC

The Pakistan Business Council (PBC) and the Engineering Development Board (EDB) signed a Memorandum of Understanding (MOU), for the two organizations to collaborate and utilize all resources and expertise available to develop Pakistan’s Engineering Goods and Services Sector on modern lines. PBC’s main thrust is “Make-in-Pakistan” the objectives of which is to create jobs, promote exports and encourages import substitution on a competitive and sustainable manner.

Electric Vehicle Policy of Pakistan was approved by the Federal Cabinet on 22-12-2020. 

In line with Government of Pakistan vision of “Clean Green Pakistan”, EDB began work on formulation of electric vehicle (EV) policy.  EDB concentrated on “Make in Pakistan” strategy focusing on the local manufacturing and gradual shift from fossil fuels to electric vehicles. In this regard a high level inter-ministerial committee finalized the recommendations of the EV Policy for 2-3 wheelers and Heavy Commercial Vehicles, which have been approved by the Cabinet and implemented.

Furthermore, policy/recommendations for four wheel Electric Vehicles were approved from the ECC on 16-12-2020 and endorsed by the Federal Cabinet on 22-12-2020.

Mobile Device Manufacturing Policy approved by the Cabinet

The mobile device manufacturing policy approved by the cabinet in June 2020 attracted attention of both, local and foreign investors. Responding to policy prepared by EDB, companies i.e. Q-Mobile, Techno, G-Five, etc. which are already manufacturing mobile devices in Pakistan are enhancing their capacities and new companies i.e. Vivo, Oppo, TCL(Alcatel), etc. are ready to launch/start manufacturing of the Mobile Device locally in Pakistan.