Pakistan, April 23 -- The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has voiced serious concern over reports that the draft Automobile & Auto Parts Manufacturing Policy (2026-31) is being forwarded to the International Monetary Fund (IMF) without meaningful consultation with the Engineering Development Board (EDB), PAAPAM, or other key industry stakeholders.

Chairman Usman Aslam Malik stated that this unilateral approach has created alarm across Pakistan's auto parts manufacturing ecosystem, which sustains over one million livelihoods and forms the backbone of the country's engineering capability. He emphasized that more than 300,000 workers are directly employed in machining, tooling, molding, forging,...