Federal Minister for Finance and Revenue, Shaukat Tarin, held a meeting with Federal Minister for Industries and Production Khusro Bakhtiar, here at the Finance Division to review the salient features of the proposed Auto Policy. Ministry of Industries and Production gave a detailed presentation on the proposed policy interventions which will have a significant impact on revenue collection, enhancing productivity, import substitution, localization of parts, possibility of producing exportable surplus, increasing affordability for the local consumers, avoiding under invoicing, addressing demand supply gap and ensuring safety. The role of new entrants in the market was also discussed. The Finance Minister while reviewing all the proposals said, that the new policy should be designed in a manner that it is beneficial for all the three relevant stakeholders; the consumer, manufacturer and the government. The Finance Minister directed Ministry of Industries and Production to seek guidance work closely with FBR and Ministry of Finance to give final shape to the proposals at the earliest for onward incorporation in the Federal Budget.
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