Pakistan is targeting $6 billion in automotive exports over the next five years under its proposed Auto Policy 2026–31. The government plans to introduce export rebates, tax incentives, and gradually reduced import duties to strengthen local manufacturing and make vehicles more affordable. Prime Minister’s Adviser on Industries Haroon Akhtar Khan announced plans to increase annual automotive exports from approximately $200 million to an average of $1.2 billion. The proposed policy includes a 5% export rebate and an additional 10% incentive for manufacturers meeting improved export performance requirements. The framework also prioritizes electric vehicles (EVs), vehicle safety standards, localization, and domestic production. Manufacturers failing to meet localization targets could face penalties and lose export incentives. The policy has been finalized following industry consultations but still requires federal cabinet approval.

Lucky Motor Corporation has announced a significant price reduction of up to Rs800,000 on its Kia Sportage L hybrid variants in Pakistan, effective November 3, 2026. Under the limited-time promotional offer, the Kia Sportage L 1.6T FWD HEV is now priced at Rs11.499 million, down from Rs12.199 million, reflecting a Rs700,000 reduction. Meanwhile, the Kia Sportage L 1.6T AWD HEV has received an Rs800,000 price cut, bringing its new ex-factory price to Rs12.499 million from Rs13.299 million. The promotional discounts offer substantial savings for Pakistani car buyers considering hybrid SUVs. However, the company has not specified the promotion’s closing date in the provided announcement.

Hub Power Company plans to begin local assembly of BYD vehicles in Pakistan in December 2026. The Sealion 6 plug-in hybrid electric vehicle is expected to be the first model produced locally, according to HUBCO management. The company said cumulative BYD sales have exceeded 10,000 units. Its electric mobility business reported an estimated Rs1.5 billion profit in the first quarter of FY27, with HUBCO’s share at Rs780 million.