Auto parts makers seek consultations

The Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has voiced concern over reports that the draft Automobile & Auto Parts Manufacturing Policy (2026-31) is being forwarded to the International Monetary Fund (IMF) without meaningful consultation with the Engineering Development Board (EDB), parts vendors and other key industry stakeholders. In a statement, Paapam Chairman Usman Aslam Malik said that the unilateral approach had caused alarm across Pakistan's auto parts manufacturing ecosystem, which sustains over one million livelihoods. He emphasised that more than 300,000 workers were directly employed in machining, tooling, moulding, forging, casting, and assembly works, while another 700,000 depended on logistics, raw materials, aftermarket distribution and engineering services. Any weakening of the sector, he warned, would directly affect national employ...