Pakistan to Impose 40% Tax on Import of Used Cars: E.Tribune (1)

The government will ban importing accidental and low-quality vehicles to protect the local industry and as part of the IMF commitments, The Express Tribune reports, citing Joint Secretary Trade Policy Mohammad Ashfaq.

• Under the IMF deal, Pakistan is bound to cut its import tariffs to 9.7% from 20.2% over five years, phasing out additional and regulatory duties and restructuring customs slabs
• Pakistan imports of used cars in FY26 are projected to surge more than 40% to about 62,000 units, according to Menka Kumari, automobile analyst at brokerage Arif Habib, in Karachi. Importers say the stringent process and taxes will limit ...