Reduce car prices or face strict action, minister warns dealers.

ISLAMABAD -- Federal Minister for Commerce Naveed Qamar on Thursday warned car dealers of strict action if prices were not reduced following the removal of regulatory duty, media reported.

Talking to media, Naveed Qamar said that regulatory duty on luxury items was abolished on March 31, asking car dealers to reduce price of vehicles. He said that government will take strict action against dealers if prices were not reduced.

'Govt will take strict action against car companies if prices were not reduced despite the end of regulatory duty' Naveed Qamar warned.

The minister further said that the incumbent government will remove restrictions on...