Pakistan – junkyard of used cars
Pakistan government has revised the age of imported used cars to 5 years under its latest policy. This measure, as your article pointed out, would cause serious harm to the business of the local auto industry.
The local car assemblers are doing their best to promote investment at a time when foreign investment is dropping to an alarming level. The Rs. 20 billion investment in the last 4 years is undoubtedly a proof of the efforts of the auto sector. The newly revised car import policy would not only mar the endeavours of local assemblers and vendors but also threaten the jobs of 200,000 individuals who are directly or indirectly connected to the auto industry, consequently turning Pakistan into a junkyard of used cars.
This matter in my personal opinion should be taken as seriously as its outcome might be disastrous for our economy if not tackled at the right time