Probe ordered into surging car prices

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ISLAMABAD: A monitoring committee for the automobile industry has directed an investigation into massive increase in prices of motor cars in the country during the past few months. A meeting of the monitoring committee for automobile industry met under the chairmanship of Federal Secretary for Industries and Production, Jawad Malik on Thursday. The meeting was attended by representatives of automakers, Pakistan Association of Automotive Parts and Accessories Manufacturer (PAAPAM), Engineering Development Board (EDB), Federal Board of Revenue (FBR), State Bank of Pakistan (SBP), Competition Commission of Pakistan (CCP) and Ministry of Science & Technology. TLTP