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Three automobile companies in Pakistan are at risk of facing a second suspension of their manufacturing licenses, as they struggle to fulfill conditions related to both exporting and local production of cars. The Ministry of Industries and Production in Pakistan is presently scrutinizing the comprehensive business plans submitted by these prominent companies.
Although their licenses were initially extended until December 31, 2023, the companies face the prospect of suspension once again due to their failure to meet specified export targets and local production requirements.
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The stringent conditions set by authorities, including achieving a 2% export target and fulfilling localization requirements, have posed significant challenges for these companies. Consequently, the Ministry is yet to reach a final decision on the fate of their manufacturing licenses. This situation underscores the paramount importance of adherence to government regulations within the automotive sector in Pakistan.