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Pakistan's auto sector warns of more foreign exits, citing Yamaha's departure and new laws deterring investment.
Pakistan's auto industry warns that more foreign companies may exit if current policies persist, citing Yamaha's departure as a key example. PAMA's Director General Abdul Waheed Khan said foreign investment remains minimal and criticized the new Motor Vehicle Development Act 2025 for criminalizing routine business issues, which undermines investor confidence. He highlighted that companies like Shell, Uber, Careem, Microsoft, and Telenor have already left, signaling broader economic concerns.
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