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Sunday March 23, 2025

Importing used cars

Since the government has allowed the import of brand new cars, there is no question of importing cars that have a certain depreciated value as a result of years of use. Our auto industry contributes nearly Rs90 billion to the exchequer and provides employment to nearly two million people. It

By our correspondents
August 10, 2015
Since the government has allowed the import of brand new cars, there is no question of importing cars that have a certain depreciated value as a result of years of use. Our auto industry contributes nearly Rs90 billion to the exchequer and provides employment to nearly two million people. It only makes sense for the government to put into place certain measures that can help curtail the import of used cars in the country, especially since the import of each used car inflicts a loss of around Rs400,000 on the exchequer with a cumulative loss of up to Rs100 billion during just the past 10 years.
The government should take necessary steps to stop this practice. This would alleviate the suffering of local auto manufacturers and benefit our economy as well. If the indiscriminate import of used cars is not stopped we will soon become a junkyard for such cars since they are damaged and poorly reconditioned.
Shahmeer Malik
Karachi