imported vehicles Archives - Page 4 of 10

Pakistan’s Car Import Spending Soars to Rs 9.07 Billion in July-August

September 18, 2023September 18, 2023Shahnawaz Akhter

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.

CBU Motor Vehicle Imports Surge by 51% in Dollar-Scarce Pakistan

August 27, 2023August 27, 2023Shahnawaz Akhter

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.

Import of CBU cars in Pakistan surges by 146% in April 2023

May 21, 2023May 22, 2023Hamza Shahnawaz

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.

Impact of regulatory duty removal on used car prices in Pakistan

May 4, 2023May 4, 2023Faisal Shahnawaz

The Auto Traders and Importers Association on Thursday reacted to the end of the 20% regulatory duty on used imported cars in Pakistan.

Peshawar Customs to auction old and used imported vehicles on April 27

April 21, 2023April 21, 2023Faisal Shahnawaz

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.

Pakistan’s CBU car imports plummet by 81% amid government restrictions

April 19, 2023April 19, 2023Faisal Shahnawaz

KARACHI: Pakistan’s import of completely built unit (CBU) cars dropped by 81% during the first nine months of fiscal year 2022/2023 due to government restrictions aimed at supporting the country’s balance of payments. Data released by the Pakistan Bureau of Statistics (PBS) on April 18, 2023, revealed that CBU car imports plunged to $47.31 million […]

FBR proposes changes to rules for temporary car imports by tourists

April 12, 2023April 12, 2023Mrs. Anjum Shahnawaz

Federal Board of Revenue (FBR) on Wednesday announced amendments to the rules governing the temporary import of cars by tourists.

Complete PCT details of imported CBU motor vehicles for 25% sales tax

March 9, 2023March 9, 2023Faisal Shahnawaz

KARACHI: Federal Board of Revenue (FBR) issued Pakistan Customs Tariff (PCT) details of Completely Built Up (CBU) imported motor vehicles on which sales tax at 25 per cent is applicable.

Pakistan car imports surge by 108pc as restriction eases

November 20, 2022November 20, 2022Faisal Shahnawaz

Car imports into Pakistan have surged by 108 per cent Month on Month (MoM) in October 2022 owing to ease in restrictions by the government. The import of motor cars in Completely Built Unit (CBU) into Pakistan increased to $2.70 million in October 2022 as compared with $1.3 million in previous month i.e. September 2022, […]

Pakistan raises Regulatory Duty to 100 % on motor vehicle import

August 23, 2022January 18, 2024Mrs. Anjum Shahnawaz

Pakistan has increased the regulatory duty on imported motor vehicles from 90% to 100%. The decision, communicated through the issuance of SRO 1571(I)/2022 by the Federal Board of Revenue (FBR), comes as part of the government’s efforts to stabilize the balance of payments and manage the outflow of foreign exchange.

Tag: imported vehicles