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Missing auto policy amid growing auto sales
Pakistan’s new auto policy is nowhere to be seen, but car sales continue to grow. What is changing is the composition of demand. Conventional internal combustion engine (ICE) vehicles, particularly those produced by the three Japanese manufacturers, are enjoying a resurgence, while parts of the new-energy vehicle (NEV) market are struggling with uncertainty over taxation. The government may be taking its time deciding the future of the industry, but consumers are making their choices in the meantime. According to the Pakistan Automotive Manufacturers Association (PAMA), sales of passenger cars...
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