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.