Pakistan, Nov. 8 -- Prime Minister Shehbaz Sharif has approved the final draft of Pakistan's Automotive Industry Policy, paving the way for its submission to the Federal Cabinet for consideration and formal approval.

Adviser to the Prime Minister on Industries and Production Haroon Akhtar Khan announced the development during a press conference alongside Federal Minister for Information and Broadcasting Attaullah Tarar on Saturday.

Haroon Akhtar said the policy marked an important step towards addressing structural challenges in the automotive sector and transforming it into a competitive, export-oriented industry with stronger local manufacturing capabilities.

He said Pakistan had introduced several automotive policies over the past d...