Islamabad: (RightNow) The approval of the new auto policy is delayed due to pending consultation with the IMF (International Monetary Fund). The draft of this policy is prepared, but final approval will be given after IMF review discussions.

Further delay in the launch of the new Auto Development and Export Policy is possible, as the draft approval is pending. The Ministry of Industries and Production stated that the IMF review team will visit Pakistan starting September 23.

According to reliable sources, the Ministry of Industries has prepared the draft, but consultation with the IMF team is necessary. This consultation is deemed essential for final approval.

This policy is considered crucial for the development of the country’s auto industry, as it could help boost exports. Auto industry experts believe that effective implementation of this policy is vital for Pakistan’s economy.

It should be noted that several policies have been made in the past for the development of Pakistan’s auto industry, which have not been effective due to various reasons.