Import of old, used motor cars falls by 55.41 percent in 2019-2020

KARACHI: The import of used and old cars massively fell by 55.41 percent during fiscal year 2019/2020 due to condition of payment of duty and taxes through foreign exchange imposed by the... Read more »

Car imports fall by 61pc in eleven months

KARACHI: The import of used and old cars witnessed sharp decline of 61 percent during first eleven months (July-May) of current fiscal year due to condition of payment of duty and taxes... Read more »

Customs auction of vehicles to be held on June 04 at ASO Headquarter

KARACHI: Pakistan Customs has announced auction of used vehicles to be held on June 04, 2020 at Anti-Smuggling Organization (ASO), East Wharf, Karachi. Following vehicles will be presented for the auction: 01.... Read more »

FPCCI proposes duty free import of used cars for subsequent export

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed duty free import of used cars and their subsequent export after repair. The apex trade body in its proposals for... Read more »

FBR suggested simplification of valuation for imported vehicles

KARACHI: Federal Board of Revenue (FBR) has been advised to simplify valuation and levy of duty and taxes on imported vehicles. Officials in FBR said that in budget proposals received for 2020/2021,... Read more »

Car import registers 148 percent growth amid coronavirus pandemic

KARACHI: Import of motor vehicles in completely built-up unit (CBU) condition registered phenomenal growth of 148 percent in April 2020 despite restrictions to foreign trade owing to lockdown for preventing coronavirus pandemic.... Read more »

Import of old, used cars plunges by 69 percent in nine months

KARACHI: The import of used and old cars witnessed sharp decline of 69 percent during first nine months (July-March) of current fiscal year due to imposition of condition regarding payment of duty... Read more »

Vehicle imports fall 10-year low on regulatory restrictions: State Bank

KARACHI: The State Bank of Pakistan (SBP) has said that the regulatory restrictions on car imports under the gift and baggage schemes continued to dent Completely Built Unit (CBU) imports. “As a... Read more »

MCC Preventive Peshawar announces auction of vehicles, mobile phones on March 09

ISLAMABAD: The Model Customs Collectorate (MCC) Preventive Peshawar has announced auction of vehicles and mobile phones to be held on March 09, 2020. Read more »

Pakistan Customs offers fresh lot of imported cars for auction on March 7

KARACHI: Pakistan Customs has announced auction of fresh lot of vehicles lying at Bay West, West Wharf Road, Karachi to be held on March 07, 2020. Read more »