<ul><li>The federal government in Pakistan is considering importing 5-year-old used vehicles as part of broader reforms influenced by the IMF to liberalize the auto sector.</li><li>Proposals include eliminating regulatory duties, reducing tariffs on Completely Built-Up units to under 10%, and gradually lowering all auto-related tariffs to single digits in five years.</li><li>The central policy change under review involves allowing the commercial import of 5-year-old vehicles of any type in Pakistan, contrary to current regulations limiting imports to certain types and age limits.</li><li>While this move may increase consumer access to more affordable cars, concerns exist regarding higher import costs, potential competition for local manufacturers, and its impact on domestic production and employment.</li></ul>

Govt Mulls Import of 5-Year-Old Used Vehicles Under IMF-Driven Reforms

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