|
|
| |
|
|
|
| |
|
|
|
Pakistan to continue relaxed car import policy |
Pakistan to continue relaxed car import policy
started by at
02:00:00 pm on
Jan 19, 2006 in
Pakistan Auto Industry News
ISLAMABAD, Jan 08 : Contrary to the opposition by the local car manufacturers, the government of Pakistan has decided to continue encouraging the relaxed car import policy in order to provide better choices to the consumers by putting an end to the monopoly of local car manufacturers.
The Economic Coordination Committee of the Cabinet (ECC), in its recent meeting had expressed satisfaction over the pace of automobile imports. The import has become a source of revenue generation and it also discouraged the market’s own prices, claimed by the car manufacturers and dealers for the quickest delivery of cars, media report said.
“The relaxation in imports of automobiles have helped cut additional prices of the market’s own charges, which is a modified name of ‘blackmailing’ because the consumers have left with no choice but to pay the said amount in addition to the actual price of car,” sources explained.
The automobiles’ market sources revealed that the dealers are demanding Rs 70,000 for each small cars including Suzuki Mehran, Rs 80,000 to Rs 85,000 for Suzuki Aulto, Rs 100,000 for Cultus and around Rs 200,000 per big car including 2OD Toyota, Honda and other cars. By paying the said amount one has to get cars within 24 or 48 hours otherwise one has to wait for six to eight months to get a brand new car.
The government had already reduced the import duty on new cars in the Trade Policy of the previous year 2004-05 and had relaxed the procedures by bringing some changes in various schemes like Gift Scheme and Baggage Rules 2005-06, the official told. These incentives have increased the imports of cars into the country.
The data compiled by the CBR shows that some 10,500 cars have so far been imported in the country during the first half of the current fiscal (July-December 2005) and it is projected that the total imports of cars till June 30 will cross the figure of 25,000.
The new Auto Policy is also under review in the Ministry of Industry and is in the process of consultation, he said and added that the Engineering Development Board (EDB) officials were in contact with the local manufacturers in the auto sector to give the said policy a final shape.
The local car manufacturers are demanding of the government to continue its supportive and protected policy for the auto sector and do not withdraw its deletion programme but the government categorically stated that under the WTO regime it can not help them any more.
|
Age: 40
Joined:
Posts: 1
|
|
|
|
|
No responses found for this topic. |
|
|
|
|
|
|
