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About: Automotive industry in Pakistan     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SocialGroup107950920, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingyago:WikicatMotorVehicleManufacturersOfPakistanyago:Abstraction100002137yago:Business108061042yago:Enterprise108056231yago:Group100031264yago:Manufacturer108060446yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:SocialGroup107950920 New Facet based on Instances of this Class

The automotive industry in Pakistan is one of the fastest-growing industries in the country, growing by 171% between just 2014 and 2018. It accounts for 4% of Pakistan's GDP and employs a workforce of over 3.5 million people as of 2018.[1] Pakistan is the 35th largest producer of automobiles.[2] Its contribution to the national exchequer is nearly Rs. 50 billion (US$220 million). Pakistan's auto market is among the smallest, but fastest-growing in Asia. [citation needed] 269,792 cars were sold in the year 2018 but declined to 186,716 in 2019 as a result of austerity measures.[3] Pakistan used to have a lot of Japanese cars in the 1990s and early 2000s. With the launch of the first Auto Policy in 2005, [4] Pakistan launched its very first indigenous car Adam Revo but after the 2008 election