The Pakistani automotive market is witnessing a significant shift as the government allows the commercial import of used vehicles up to five years old, accompanied by a 40 percent additional tariff starting September 2025. This policy move aims to balance the growing demand for affordable cars, protect local manufacturers, and align with Pakistan’s international financial commitments. […]
ISLAMABAD: Pakistan’s Commerce Ministry said on Wednesday it had imposed a 40 percent regulatory duty on the commercial import of used cars and planned reforms to curb misuse of vehicle import schemes meant for overseas Pakistanis. Pakistan’s used car market has expanded steadily over the past few years, largely through the baggage, gift and transfer-of-residence […]
KARACHI: Pakistan’s top economic decision-making body on Wednesday approved the import of used cars, drawing sharp criticism from industry stakeholders, who warned the move would have a “devastating” effect on local manufacturing in the country. The decision was taken after a meeting of the Economic Coordination Committee (ECC) which was chaired virtually by Finance Minister […]
Two schemes to end by October; tighter rules for transfer of residence imports Pakistan and the International Monetary Fund (IMF) have reportedly agreed to abolish two vehicle import schemes available to overseas Pakistanis and tighten regulations on a third, as part of reforms aimed at reducing misuse and improving transparency in the import regime. Under the understanding […]
KARACHI: The government’s new vehicle electrification and liberalised import policy has prompted Indus Motor Company (IMC) – the local assembler of (Japanese auto giant) Toyota vehicles – to explore commercial import of used cars in Pakistan. The move follows a surge in imported vehicles under gift, transfer of residence, and baggage schemes, which continue to […]
The Pakistani automobile industry is once again in the spotlight as the government considers introducing a new framework for used imported cars. This change could significantly impact overseas Pakistanis, car buyers, and local dealers, making it one of the most discussed topics in the automotive sector today. What’s Changing In The Used Car Import System […]
Pakistan’s automotive sector is entering a new phase as the government has approved the commercial import of five-year-old used cars, subject to an additional 40% duty. The policy is part of Pakistan’s economic commitments and will gradually open the door for wider vehicle imports over the next two years. Starting from fiscal year 2025–26, restrictions on used […]
