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.

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.

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.

Auto assemblers have imported $62 million worth of CKDs/SKDs in April, as compared to $43m in March and $39m in February, in anticipation of good sales ahead of Eid however the assemblers are sitting idle with huge parts inventory at their disposal as plants are closed since the 22nd of March due to COVID-19 lockdowns.

The post Assemblers Imported $62 Million Worth of CKDs/SKDs in April first appeared on CarSpiritPK and is written by UsmanAnsari.

Slowdown in the auto sector has led to a 27% decline in overall import of completely- and semi-knocked kits (CKD/SKD) to $261 million in first quarter of the current fiscal year.

The post CKD/SKD Imports Declined by 27% first appeared on CarSpiritPK and is written by UsmanAnsari.