Used vehicles import 120pc up in 5 years, Senate told.

Byline: Imran Mukhtar

ISLAMABAD -- The Senate was told on Tuesday that Pakistanis imported 2,69,887 used vehicles during the last 5 years and the country witnessed around 120% increase in the import of used vehicles during the same period.

Advisor to the Prime Minister on Commerce and Textile Abdul Razak Dawood in his written reply told the House that according to the information provided by the Federal Board of Revenue (FBR), Pakistanis also imported 4,695 new vehicles during the last five years besides importing of used vehicles.

The new and used imported vehicles included tractors, buses, motor cars and vehicles, trucks and motorcycles or scooters, he said.

For the year 2013-14, as many as 33,655 used vehicles were imported in the country; 44,131 during 2014-15; 54,328 during 2015-16; 64,762 during 2016-17 and 73,001 used vehicles were imported during July 2017 to May 2018. Thus, there is total 120 percent increase in the import of used vehicles from to 2013-14 to 2017-18, he said.

Similarly, Pakistanis imported 7,143 new vehicles during 2013-14; 5,797 during 2014-15; 5593 during 2015-16; 12,315 during 2016-17 and 10,847 during July 2017 to May 2018. The data shows that there is increase of 43 percent in the import of new vehicles during the last five years.

Earlier this month, Economic Coordination Committee of the Cabinet re-introduced certain restrictions on the import of used cars. ECC approved the proposal of Ministry Of Commerce that duty and taxes for all imported...