KARACHI: A number of used imported vehicles are parked at the port on Saturday. Fahim Siddiqi/White Star
KARACHI: The 196 per cent hike in imports of completely built-up (CBU) cars to $94 million during the first half of the current fiscal year (1HFY21) has raised doubts in the auto sector if the import of new vehicles by recent market entrants is on the rise or the arrival of used vehicles is increasing.
Talking to Dawn, auto sector stakeholders offered different views, with some expressing fears that the facility of importing 100 units under concessionary duty by new entrants is being misused.
The Pakistan Automotive Manufacturers Association (PAMA) has also sought clarity from the Engineering Development Board (EDB) on incentives provided to the new entrants.