Senate: (Prices of 1300 CC and above capacity cars in Pakistan are less than the neighbouring countries: Senate told)


ISLAMABAD: Minister for States and Frontier Region Abdul Qadir Baloch informed the Senate on Thursday that the prices of 1300 CC and above capacity cars in Pakistan are less than the neighbouring countries.

However, he said, the prices of small cars being manufactured or assembled in Pakistan are higher than the prices of similar category being manufactured in neighbouring country, like India due to high production volumes and scale of economy.

He said in this regard the government is firming up draft Automotive Development Policy 2015-20, wherein new investors will be adequately incentivized to reduce prices through competition.