Pakistan has taken significant strides in streamlining the vehicle importation process for overseas Pakistanis in 2024 through the implementation of the Import Policy Order 2022.
(more…)Tag: imported vehicles
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CBU Car Import in Pakistan Skyrockets by 200% in 1HFY24
Karachi, January 22, 2024 – Pakistan has witnessed an unprecedented surge in the import of Completely Built Unit (CBU) cars, with official data revealing a staggering 200 percent increase during the first half (July – December) of fiscal year 2023-24.
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Car Imports in Pakistan Soar Fourfold in November 2023
Karachi, December 21, 2023 – Car imports into Pakistan have surged by an astonishing fourfold during the month of November 2023 on a Year on Year (YoY) basis, according to official data released on Thursday.
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Pakistan Witnesses Massive 186% Jump in Car Imports During First Four Months of FY24
Karachi, November 17, 2023: Pakistan has experienced a significant surge of 186% in car imports during the first four months (July – October) of the current fiscal year 2023-24, according to official data released on Friday by the Pakistan Bureau of Statistics (PBS).
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Customs Intelligence Lahore to Host Extensive Used Vehicle Auction on September 23
Islamabad, September 21, 2023 – Customs Intelligence Lahore will conduct a substantial auction of used vehicles on September 23, 2023. This auction event will take place at the State Warehouse, situated at Directorate of Intelligence and Investigation-Customs, 358-Jahnazeb Block, Allama Iqbal Town, Lahore.
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Pakistan’s Car Import Spending Soars to Rs 9.07 Billion in July-August
Karachi, September 17, 2023 – Official statistics released by the Pakistan Bureau of Statistics (PBS) have revealed that Pakistan’s spending on car imports during the first two months of the fiscal year 2023-24 (July-August) amounted to a staggering Rs 9.07 billion.
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CBU Motor Vehicle Imports Surge by 51% in Dollar-Scarce Pakistan
Karachi, August 27, 2023 – Pakistan finds itself grappling with a severe scarcity of US dollars for its foreign obligations, but an unexpected development has emerged amidst these economic challenges. In July 2023, the import of Completely Built Unit (CBU) motor vehicles witnessed a remarkable surge of 51%, defying economic odds.
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Import of CBU cars in Pakistan surges by 146% in April 2023
Despite the Pakistani government’s efforts to restrict the import of luxury and non-essential items, the import of Completely Built Unit (CBU) cars into the country experienced a significant surge of 146 percent on a month-on-month (MoM) basis in April 2023.
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Impact of regulatory duty removal on used car prices in Pakistan
The Auto Traders and Importers Association on Thursday reacted to the end of the 20% regulatory duty on used imported cars in Pakistan.
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Peshawar Customs to auction old and used imported vehicles on April 27
The collectorate of Customs (Enforcement), Peshawar has announced an upcoming auction of used and old imported vehicles. The event is set to take place on April 27, 2023, at the Custom House Peshawar.
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