Motor car imports witness sharp decline.

The imports of motor cars, both Completely Built Up (CBU) as well as Semi-Knocked Down (SKD) or Completely Knocked Down (CKD), witnessed a sharp decline of 66 percent and 40.37 percent respectively during the first half of the current fiscal year compared to last year.

According to Pakistan Bureau of Statistics, the imports of CKD/SKD were recorded at $722.524 million during July-December (2022-23) as compared to the imports of $1211.577 million during July-December (2021-22), showing a decline of 40.37 percent.

Likewise, Pakistan imported CBU motorcars worth $108.453 million during July-December as compared to the imports of $318.999 last year, showing a decline of 66 percent.

Overall, transport group imports declined by 49.

84 percent during the period under review. The imports of the group were recorded at $ 1,163.005 million as compared to the imports of $2,318.457 million last...