AIRLINK 162.75 Decreased By ▼ -2.08 (-1.26%)
BOP 9.99 Decreased By ▼ -0.01 (-0.1%)
CNERGY 7.63 Increased By ▲ 0.01 (0.13%)
CPHL 84.75 Decreased By ▼ -1.03 (-1.2%)
FCCL 45.95 Decreased By ▼ -0.54 (-1.16%)
FFL 15.55 Increased By ▲ 0.03 (0.19%)
FLYNG 50.80 Decreased By ▼ -0.13 (-0.26%)
HUBC 139.40 Decreased By ▼ -0.61 (-0.44%)
HUMNL 11.85 Decreased By ▼ -0.52 (-4.2%)
KEL 4.71 No Change ▼ 0.00 (0%)
KOSM 5.45 Decreased By ▼ -0.25 (-4.39%)
MLCF 74.56 Increased By ▲ 0.18 (0.24%)
OGDC 212.40 Increased By ▲ 0.50 (0.24%)
PACE 5.29 No Change ▼ 0.00 (0%)
PAEL 43.68 Decreased By ▼ -0.36 (-0.82%)
PIAHCLA 17.88 Increased By ▲ 0.01 (0.06%)
PIBTL 8.79 Decreased By ▼ -0.09 (-1.01%)
POWER 14.00 Decreased By ▼ -0.28 (-1.96%)
PPL 169.00 Decreased By ▼ -1.33 (-0.78%)
PRL 33.13 Increased By ▲ 0.15 (0.45%)
PTC 23.40 Increased By ▲ 0.66 (2.9%)
SEARL 85.20 Decreased By ▼ -0.63 (-0.73%)
SSGC 34.21 Decreased By ▼ -0.20 (-0.58%)
SYM 14.90 Decreased By ▼ -0.15 (-1%)
TELE 7.30 Decreased By ▼ -0.06 (-0.82%)
TPLP 9.40 Decreased By ▼ -0.01 (-0.11%)
TRG 62.06 Decreased By ▼ -0.36 (-0.58%)
WAVESAPP 9.90 Decreased By ▼ -0.02 (-0.2%)
WTL 1.25 Decreased By ▼ -0.02 (-1.57%)
YOUW 3.72 Decreased By ▼ -0.10 (-2.62%)
BR100 12,739 Decreased By -30.1 (-0.24%)
BR30 37,506 Decreased By -158.7 (-0.42%)
KSE100 119,103 Decreased By -50.4 (-0.04%)
KSE30 36,302 Decreased By -24.7 (-0.07%)

This is apropos a Business Recorder news item “Govt lays focus on auto sector to create jobs” carried by the newspaper yesterday. According to the government, the automotive sector is one of the major industrial sectors of the country and the government wanted to create job opportunities for the people as production of one car creates five job opportunities. The auto sector has the potential to drive the entire economy of the country and it has 7.81 percentage in Large-Scale Manufacturing.

The government seems to have taken the step with a view to creating new job opportunities in the country. I wish them success. It is, however, important to note that in India, for example, the auto industry was 49 percent of country’s manufacturing sector in 2019. It is also a fact that auto industry is in crisis with output falling for lack of demand. It is, therefore, imperative for our policymakers that they must not lose sight of the fact that auto industry is a very capital-intensive industry; it is not necessarily a big job spinner.

Azad Ahmed (Islamabad)

Copyright Business Recorder, 2021

Comments

Comments are closed.