Government Postpones New Auto Policy Amidst IMF Negotiation Stalemate

The federal government has announced a one-year extension of the current auto policy. This decision comes after discussions with the International Monetary Fund (IMF) and the Tariff Policy Board did not yield a new policy framework.

Sources indicate that the negotiations were aimed at establishing a revised auto policy that would address current market conditions and economic challenges.

The extension is seen as a temporary measure while the government seeks to resolve outstanding issues with the IMF and other stakeholders.