Pakistan saw 669 percent increase in automobile imports

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increase in automobile imports

Pakistanis imported vehicles worth $266.2 million in the first three months of the current fiscal year, representing a 669 percent rise in vehicle imports over the same period the previous fiscal year.

According to statistics released by the Ministry of Commerce, persons imported vehicles worth $34.6 million in the first quarter of 2020 (July-September).

Imports totaled $123.25 million in July this year, compared to $19.36 million in July last year.

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Similarly, in August 2021, vehicles worth $141.43 million were imported, compared to $15.7 million in August 2020. Meanwhile, car imports were $1.6 million in September this year, compared to $0.2 million in September 2020.

According to ministry sources, the government is taking a variety of measures to limit imports of expensive and luxury vehicles.