CKD imports by local assemblers fell 58% to just $23 million in October from $54 million in September. This is …

The post CKD Imports Fell to the Lowest-Ever Level first appeared on CarSpiritPK and is written by News Desk.

Talking about CBUs, vehicles that redefine the two-nation theory are the Toyota Camry hybrid and the new Land Cruiser J300.

The post Toyota Camry and Land Cruiser Redefining the Equation of Two Nations first appeared on CarSpiritPK and is written by UsmanAnsari.

The government has reduced the custom duty for the import of CKD (Completely Knocked Down) kits for the assembly of small cars with 1,000cc or below displacement engines. The move is expected to have a positive effect in form of reduced prices of such vehicles that are assembled locally.

The post Custom Duty for the Import of CKD Kits for Small Cars Reduced first appeared on CarSpiritPK and is written by UsmanAnsari.

Finance Minister Miftah Ismail while addressing a ceremony at the Pakistan Stock Exchange (PSX) said the government will control the imports for the next three months, even if it came at the cost of slower growth.

The post Government to Limit Imports for Next 3 Months first appeared on CarSpiritPK and is written by UsmanAnsari.

The import bill of completely and semi-knocked down (CKD/SKD) kits of locally assembled cars hit an all-time high of $1.7 billion in FY22 compared to $1.11bn in the preceding year, registering a jump of 52%

The post CKD/ SKD Imports Hit Record $1.7 Billion in FY22 first appeared on CarSpiritPK and is written by UsmanAnsari.

Local auto assemblers have expressed serious concerns over a new mechanism introduced by the State Bank of Pakistan (SBP) for import of goods and termed it a huge risk for the auto industry

The post PAMA Concerned About New Import Mechanism Introduced by SBP first appeared on CarSpiritPK and is written by UsmanAnsari.

In order to curtail the foreign reserves and control the import bill which is running rampant like a raging bull, the government has decided to take extreme measures by putting a complete ban on the import a number of 'non essential' items as well as CBU imported vehicles, whether new or used.

The post Ban on CBU Imports- Who Will Suffer? first appeared on CarSpiritPK and is written by UsmanAnsari.

According to the data released by the Pakistan Bureau of Statistics (PBS), the country’s import bill for completely and semi-knocked down (CKD/SKD) kits for cars imported by local assemblers was $1.6 billion compared to $818 million in the corresponding period of previous year, registering an astronomical increase of 96.65%.

The post CKD/SKD Imports Hit Record High first appeared on CarSpiritPK and is written by UsmanAnsari.

Government has decided to stop the import of (Completely Built Units) CBU vehicles in addition to other 'frivolous' imports as the current account deficit reaches an alarming $1.6 billion a month.

The post Govt to Stop Import of CBU Vehicles first appeared on CarSpiritPK and is written by UsmanAnsari.

Pakistan has witnessed record foreign exchange spending on highest-ever arrival of new automobiles in 2020-21 with 10,513 units of new passenger cars, 4x4, vans, pickups, 2-wheelers and buses in FY21 compared to 1,680 units in FY20

The post Vehicle Import Hits All-Time High in FY21 first appeared on CarSpiritPK and is written by UsmanAnsari.