Japanese used car

Perturbed by facilitation extended to overseas Pakistanis in import of cars through gift and baggage schemes, the automobile industry has asked the government to prepare a long term policy for the sector, which must be unalterable, at least, for three years, an official of one of the leading car manufacturing firms told Daily Times.

The car manufacturers informed the government that it would disturb the plan of further investment of the automobile industry, if the government continued to change policy regarding import of vehicles every year.

In recent meetings held in the ministry of industries and the Engineering Development Board (EDB) following the government’s decision to facilitate the overseas Pakistanis in importing old and used cars, the representatives of the auto industry have been pressing for a three-year policy.

Under the policy, the government would not allow import of cars and other vehicles under the budget and the trade policy, the official said and added that the government would not also raise or curtail taxes and duties levied on the automobile industry.

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