Pakistan's Automotive Industry Pushes for Stricter Regulations

The automotive industry in Pakistan is urging the government to establish a clear process for the entry of pre-owned vehicles by expatriate Pakistanis. This move aims to ensure that these vehicles are brought into the country solely for personal use. Local car manufacturers are advocating for higher duties and taxes on the import of used vehicles in the upcoming fiscal year.

Industry insiders stress the importance of creating a transparent system for the importation of second-hand cars by overseas Pakistanis, with a specific focus on restricting these imports to personal and family use. The local automotive sector is pushing for an increase in tariffs and taxes on used car imports in the upcoming budget to protect the domestic market.

The call for regulating the entry of pre-owned vehicles into Pakistan highlights the industry's concerns about the impact of used car imports on the local market. By emphasizing the need for a transparent process and stricter regulations, the automotive sector aims to safeguard the interests of local manufacturers and promote the growth of the domestic industry.