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Pakistan Adopted the Policy for Automobile Industry Development

Economic coordination committee of Pakistan adopted the policy for automobile industry development on 18th March. According to the new policy , there will be tax incentives for automobile industry to attract foreign automobile enterprises by using stainless steel mill to invest in Pakistan; the tariffs for components and parts which local companies do not manufacture is 10%, the tariffs for components and parts which local companies can manufacture is 30%.The final industry policy released on 21th March and will take effect from 1st July.

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