USED CARS IMPORT DESTROYING LOCAL INDUSTRY.
Any further relaxation in used vehicles' import will result in total closure of local auto makers with a job loss of more than 2 million workers in auto and allied engineering industry. This was stated by a spokesman for Pakistan Automotive Manufacturers Association in a statement issued. The spokesman said that allowing import of five years old cars was already causing embarrassment to the government which allowed the same to make cheaper cars available to consumers but most of them are priced at the rates of new locally made cars. The tax evading trader mafia has mustered the courage to further this embarrassment by demanding relaxation on commercial import of used cars up-to 10-year-old which is suicidal for our already precarious economy.
PAMA Spokesman said the auto industry has been deeply perturbed by this new ridiculous demand of a lobby which does not contribute in job provision or technology transfer and evades taxes on large scale besides under invoicing and fleecing the customers. He said that the trader lobby has not only asked the Federal Minister of Commerce to further relax the age limit of used imported cars from five years to 10 years but also to allow the commercial imports of the same.
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|Publication:||Pakistan & Gulf Economist|
|Date:||Sep 11, 2011|
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