Local Automakers Concerned as Used Car Imports Surge in September

Imports of used cars reached 2,276 vehicles in September, primarily under the Gift Scheme, following a brief decline. Local automakers and parts manufacturers express concern, claiming a loss of Rs3.4 billion in local parts production and a threat to the domestic industry. Importers, however, advocate for competition and laud recent government policy changes that relax import criteria. This sectoral development, while impacting local industry and trade balances, is unlikely to have an immediate, direct impact on USD/PKR or gold prices.

بحوالہ / Source: www.dawn.com