Pakistan, April 29 -- The transformation of an economy is contingent upon optimum utilization of resources in the most productive manner. Economy will move at maximum potential when conducive business environment is created through favorable and business friendly government policies. Therefore, an auto-sector transformation policy, based on the identification and resolution of contemporary challenges and addressing sectorial inefficiencies is required to be in place. This oped series deals with Pakistan's Auto Industry development & Export Policy (2021-26)

Historically, domestic auto companies have been kept protected from international competition through tariffs and tax cuts. However, the outcome of policies and performance of the sect...