In 2020 Pakistan Automobile Market falls by 33.6 % as the pandemic and lockdowns affect sales. In the same year, Ministry of Industries has announced its new auto policy to reduce taxes which would bring down car prices and provide relief the consumers. Moreover, the government has also approved the Electric Vehicle (EV) policy. Considering the above scenario, do you think that government is diligently working to uplift the economy and has the recognition that the automobile sector can be the biggest contributor in it?

In 2020 Pakistan Automobile Market falls by 33.6 % as the pandemic and lockdowns affect sales. In the same year, Ministry of Industries has announced its new auto policy to reduce taxes which would bring down car prices and provide relief the consumers. Moreover, the government has also approved the Electric Vehicle (EV) policy. Considering the above scenario, do you think that government is diligently working to uplift the economy and has the recognition that the automobile sector can be the biggest contributor in it?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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