Notwithstanding the public authority’s endeavors to preclude the import of trade-in vehicles, the import of old vehicles is getting some momentum.
Pakistan has imported almost 20,000 units in the initial eight months of this monetary year, as indicated by accessible private information. During the whole monetary year of 2021, utilized vehicle imports added up to approximately 21,000 units.
In 2019, around 36,000 units of handed down vehicles were brought into the country through different plans or unlawful installment channels, which was the greatest number of all time. The public authority at last gave a SRO controlling and channelizing the method of imports and installments to beat the import of handed down vehicles down.
It happened against the setting of FATF push to wipe out illicit installment strategies, with utilized vehicle imports being the primary guilty party. Imports were decreased to around 10,000 units in the year 2020 because of the SRO limitation.
