Import Rule To Lower Car Prices As Energy Threats Loom

Pakistan will open up its auto sector to imports of used cars less than five years old, in a bid to reduce the soaring prices of new cars. As the production capacity of the four major carmakers does not meet demand for new cars, and BMI forecasts output growth to slow from the 23% achieved in FY2009/10 to 8% in the current financial year (ending June 2011), prices for new cars have risen to take advantage of the shortfall.

To read the full article, please choose one of the following options: