Govt announces automotive policy carrying incentives, reduced duties

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ISLAMABAD, Mar 21 (APP): The government on Monday announced the Automotive Policy 2016 carrying incentives and reduced duties for new entrants and existing vehicle manufacturers with the hope to bring in well known international brands to the Pakistani market. Addressing a press conference here, Minister for Water and Power Khawaja Muhammad Asif said the new automotive policy approved by the Economic Coordination Committee (ECC) would be valid for five years till 2021.