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Article: Automobile industry: urgent need to revamp policy measures.(Industrial Pakistan 1997: Industry)(Industry Overview)
- Article from:
- Economic Review
- Article date:
- July 1, 1997
CopyrightCOPYRIGHT 1997 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A major, even basic factor that has impeded the development progress of the automobile industry in Pakistan has been the lack of a well structured and long-term policy for the industry. From the decade of the 1950s to the decade of the 1990s, what the automobile industry has witnessed in terms of government policy has been reliance on adhocism, vacillating approach and ill-considered measures that might have benefited interest groups but not to automobile industry as a whole.
At one time, nationalisation closed the door against initiative and investment. It resulted in a lack of mutual understanding among the three most relevant parties - the local entrepreneur, the ...