Karachi, January 26, 2025 – Pakistan has witnessed a significant 15% increase in car imports during the first half (July–December) of the fiscal year 2024-25, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
This surge underscores a shift in market dynamics, attributed to improved government policies and relaxed exchange rate pressures.
The import of cars in Completely Built Unit (CBU) form reached an impressive $124 million during the first six months of FY25, a notable rise from $108 million recorded during the corresponding period of the previous fiscal year. Market analysts attribute this uptick to the government’s liberalized trade policies and stabilization of foreign exchange reserves, which have eased restrictions on imports.
Overall, the total import value of motor vehicles in CBU form surged by 22%, climbing to $174 million during the first half of the current fiscal year, as opposed to $142.62 million during the same period last year. This sharp increase reflects growing consumer demand and renewed confidence in economic stability, particularly in the automotive sector.
The import of buses and other heavy motor vehicles also recorded a remarkable jump. During July–December 2024, imports in this category rose by an impressive 45%, amounting to $48.87 million, compared to $33.78 million in the corresponding period of the previous fiscal year. This surge is linked to the expansion of infrastructure projects and increased demand for commercial transport vehicles.
In addition, the import of motorcycles in CBU form experienced a striking growth of 47%, reaching $1 million in the first half of FY25, compared to $686,000 during the same period last year. This sharp rise in motorcycle imports reflects growing demand in urban and semi-urban areas, driven by affordability and accessibility.
The automotive sector’s growth signals positive momentum for Pakistan’s economy, despite prior challenges related to currency devaluation and import restrictions. Experts suggest that the sector’s upward trajectory will likely continue as macroeconomic conditions stabilize further.
The rise in imports highlights the importance of balancing local manufacturing with foreign vehicle demand, ensuring that the burgeoning auto market supports both consumer needs and domestic industrial growth.