The local auto industry stakeholders while lamenting the imposition of new taxes on locally assembled cars in the supplementary financial bill (mini budget) by the government, also criticized the import of used cars yet again.

The post Auto Industry Stakeholders Once Again Criticize Used Imports first appeared on CarSpiritPK and is written by UsmanAnsari.

Local auto assemblers have once again expressed serious concerns regarding the proposed relaxation on import of used cars as importers of used cars are reportedly lobbying for relaxation in import policy.

The post Local Assemblers Again Show Reservations on Import of Used Cars first appeared on CarSpiritPK and is written by UsmanAnsari.

All Pakistan Motor Dealers Association (APMDA) in a budget proposal for the year 2020-21, has demanded that the government should allow the import of 660cc used cars which are low in cost and high in fuel efficiency.

The post Dealers Demand Allowing Import of 660cc Used Cars first appeared on CarSpiritPK and is written by UsmanAnsari.

FBR has suffered massive revenue loss of Rs 22 billion from low tax collection on the import of old and used vehicles during July-January (2019-20) due to change in import policy for second hand cars.

The post FBR Suffers Rs 22 Billion Due to Restrictions on Used-Car Imports first appeared on CarSpiritPK and is written by UsmanAnsari.

Government has asked the customs department to give us the actual number of imported used cars stuck at Karachi port. Used car importers met Adviser to PM on Finance Abdul Hafeez Shaikh on August 26th seeking clearance of cars imported in violation of revised procedures.

The post Government Seeks Data on Imported Cars Held Up at Port first appeared on CarSpiritPK and is written by UsmanAnsari.

Local automakers are not happy with government's decision to consider allowing import of used cars under new scheme. PAMA has urged the government not to take any action which would lead to the shutdown of auto industry.

The post Local Automakers Not Happy with Govt Decision to Consider Allowing Imports first appeared on CarSpiritPK and is written by UsmanAnsari.

Government’s decision to restrict used imports is going to help Pak Suzuki at large, while it will strengthen the monopoly of local assemblers that jack up prices multiple times every year citing the exchange rate fluctuation. Government also rejected the proposal for commercial import of used cars in Pakistan.

The post Import Restrictions Will Benefit Pak Suzuki At Large first appeared on CarSpiritPK and is written by UsmanAnsari.

Government has rejected the proposal for commercial import of used cars in Pakistan. The Ministry of Industries and Production had given this suggestion to the Commerce Division and Federal Board of Revenue which are formulating import and re-export of used vehicle policy 2019-29.

The post Government Rejects Commercial Import of Used Cars first appeared on CarSpiritPK and is written by UsmanAnsari.