ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin, held a meeting with Federal Minister for Industries and Production Khusro Bakhtiar, 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, the possibility of producing an exportable surplus, increasing affordability for the local consumers, avoiding under-invoicing, addressing the 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 is beneficial for all the three relevant stakeholders; the consumer, manufacturer and the government.
The Finance Minister directed the Ministry of Industries and Production to seek guidance work closely with FBR and the Ministry of Finance to give final shape to the proposals at the earliest for onward incorporation in the Federal Budget.