Import Archives - Page 2 Of 3

GPCCI Urges to Lift Import Ban on Automobiles

August 10, 2022 - by UsmanAnsari - 8 Comments.

The German Pakistan Chamber of Commerce and Industry (GPCCI) has warned that the ban on import of vehicles from Germany may have adverse effects on upcoming GSP+ negotiations with the European Union (EU) and has requested the Pakistani government to immediately lift the import ban.

Government to Limit Imports for Next 3 Months

August 5, 2022August 5, 2022 - by UsmanAnsari - 1 Comment

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.

CKD/ SKD Imports Hit Record $1.7 Billion in FY22

July 25, 2022 - by UsmanAnsari - 5 Comments.

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%

Ban on CBU Imports- Who Will Suffer?

May 20, 2022 - by UsmanAnsari - 16 Comments.

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.

Government to Increase Regulatory Duties on Imported Items by Up to 100%

May 18, 2022 - by UsmanAnsari - 2 Comments.

Government in order to put off pressure from foreign exchange reserves and the stability of the exchange rate, is in the process to devise an import curtailment plan as per which Regulatory Duties (RDs) on the number of imported items will increase by up to 100%.

Another Price Increase Anticipated as PKR Nosedives to Record Low

May 11, 2022May 11, 2022 - by UsmanAnsari - 6 Comments.

Looking at the circumstances its highly likely that automakers will announce another price revision before the new financial budget is presented.

Influx of Imported Phones Never Bother Local Mobile Phone Makers, Why Auto Assemblers Feel the Heat?

April 23, 2022April 23, 2022 - by UsmanAnsari - 11 Comments.

Interestingly the local mobile phone manufacturers have never raised any concerns over such a large number of phones being imported. The sort of hue & cry we always get to hear when it comes to importing automobiles (whether new or used) in the country.

CKD/SKD Imports Hit Record High

April 18, 2022April 18, 2022 - by UsmanAnsari - 7 Comments.

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%.