This caused dollars starved nation $1.2b in the first half of year.KARACHI: At a time when the automobile manufacturers and assemblers are on the verge of closing their plants the Government has allowed the import of 2,200 luxury vehicles, which caused dollars starved nation $1.2 billion in the first half of the current fiscal year.
The auto company official said that the Pakistan Automobile Manufacturers Association already send a letter to the Ministry of Industries and apprised them the gravity of situation that if issue of LCs would be resolved soon then there will huge lay-offs not only in the auto industry but also in other industries as well and it may lead to economic unrest in the country.
Data showed that in the first six months, the import of new cars stood at 193 vehicles. Of these only 25 vehicles falls within the category of 1,000-1,800cc while four vehicles above 1,800cc during the period under review. The import of these vehicles is allowed only for overseas Pakistanis, but this facility is being misused by importers who pay up to Rs10m in the case of SUVs to passport owners.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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