The Auto Industry Calls for a Boost to Exports

KARACHI: Car stakeholders have said that Pakistan has ample export potential and that it should endeavor to enhance foreign cargo shipments and its parts. Additionally, Mashood Ali Khan, director of multiple commercial companies, stressed that the country could raise exports of automobile parts from the current levels of $15 million to $20 million to $300 million over the next five years The overall size of world substitution is approximately $500 trillion, while the car parts market is $2 trillion and Pakistan’s share in this field is negligible,” he said. “Pakistan has a lot to do in assessing and taping A majority of auto part businesses is exporting to distributors or aftermarket suppliers,” Khan said. “Pakistan should focus on establishing model manufacturing hubs for exports similar to other Asian countries.