Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has accused State Bank of Pakistan (SBP) of using defective data like the Competition Commission of Pakistan (CCP) with regard to comparison of auto industry of India and Pakistan.
SBP issued its annual report for the year 2014 which includes a "special section 2.1: Comparison with India: Where does Pakistan stand in automobiles production?" PAAPAM, in a rejoinder sent on January 13, 2014, said it has critically reviewed the SBP document. PAAPAM believes that SBP research team has made a rather simplistic and incorrect analysis of numerical data relating to Auto production in both countries without giving due importance to the ground realities of government policies, economies of scale, country environment and business impediments faced by the Pakistan's auto sector.
"It is unfortunate that, just like the CCP, SBP has also chosen to conduct a theoretical study without engaging with the Auto Parts Manufacturers (APMs), who employ 90% of auto sector manpower and are the core of the auto industry being primary contributors to economic activity, technology acquisition, employment generation and government revenues," the rejoinder added.
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