Pak­istan – junk­yard of used cars

Enterprise - - Editor’s desk - Ahmed Shah Karachi

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

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