ISLAMABAD   - Prime Minister Muhammad Nawaz Sharif Thursday said a five-year auto industry policy was in the offing that would provide level playing field for all the auto manufacturers in the country.

Talking to Kyoichi Tanada President Toyota Motors Asia-Pacific here at the PM House,he said the government was providing incentives to the investors and hoped the car manufacturing industry will also benefit from it.

Prime Minister appreciated the investment of Toyota Motors in Pakistan and hoped that the company will enhance its capacity utilization with the objective to decrease its cost of production. Kyoichi Tanada expressed his confidence that the manufacturers will benefit from the policies of the present government.