500PC additional taxes on imported cars.

In startling revelations, the government has imposed up to 500 percent more taxes on imported cars to protect the local car assemblers from foreign competition. In return, however, the assemblers have passed on the agony by overcharging consumers and delaying deliveries up to one year.

The revelations were made during a meeting of the Public Accounts Committee (PAC) - the Parliamentary watchdog - compelling the committee to recommend reviewing the undue protection helping the said companies in fleecing consumers.

The PAC recommended that the government withdraw the status of "manufacturers" instead calling (and treating) them as "assemblers" - a direction, if converted into law, will...