Car Dealers Should Reduce Prices of Imported Vehicles: Commerce Minister

Federal Minister for Commerce Naveed Qamar has said that car dealers should reduce the prices of imported vehicles. Action will be taken if the prices of imported vehicles do not come down after the removal of regulatory duty.

Naveed Qamar says that the additional regulatory duty on luxury goods ended on March 31, staff-level agreement with the IMF will be finalized before the next budget.

On the other hand, Car sales down 54% in 10 months.

Car sales in the country have declined by 54 percent on an annual basis in the first 10 months of the current financial year.