An inter-ministerial panel headed by Minister for Water and Power Khawaja Asif has recommended strict measures to rationalize advance payment on new cars, quality and safety regulations which will lead to a reduction in profit of car assemblers, well informed sources in Engineering Development Board (EDB) told Business Recorder.
The committee has finalised a five-year draft Automotive Development Policy (2014-19), which has already been carried by this newspaper, and which will be considered by the Economic Co-ordination Committee (ECC) of the Cabinet. "There is no institutional mechanism to address consumer welfare and feedback as vehicles' assemblers do not take note of any complaint made by a consumer about quality, safety and frequent escalation in car prices," the sources added.