Lahore High Court (LHC) has issued notices to the federal government and other respondents on a writ petition against high car prices in Pakistan. Justice Abid Aziz Shaikh directed the government to file its response to the petition by next hearing.
As per details, petitioner Azhar Siddique stated before the court that car prices didn’t go down despite the declining dollar rate which has come down by Rs16 since August 2020. He said that the common man is unable to purchase cars at such higher rates. It is pertinent to mention that another petition challenging ban on import of cars is already pending in the LHC.
According to the petition, prices of vehicles had skyrocketed primarily due to the ban on import of (used) vehicles. Prices of local assembled cars could be brought down by allowing their import, the petitioner suggested, lamenting that local auto companies were selling passenger cars at exorbitant rates due to the ban.
The petitioner has requested the court to instruct the government to remove the ban on vehicles’ import which will eventually generate competition in the market.
Source: ARY News