📌 Key Highlights & Quick Takeaways:
- ISLAMABAD (National Bureau): The federal government, taking an important decision regarding the import of used vehicles, has removed the five-yea.
- The Ministry of Commerce has recently issued a clarification stating that the five-year ban on commercial import of used vehicles has been lifted.
- Earlier, only vehicles older than five years could be imported. The Ministry of Commerce has lifted the five-year ban and added that commercial i.
ISLAMABAD (National Bureau): The federal government, taking an important decision regarding the import of used vehicles, has removed the five-year limit for vehicles imported on commercial basis, after which used vehicles more than five years old can be imported from foreign countries. But will the price of old cars decrease now?
The Ministry of Commerce has recently issued a clarification stating that the five-year ban on commercial import of used vehicles has been lifted from October 30, 2026, after which the condition will no longer apply.
Earlier, only vehicles older than five years could be imported. The Ministry of Commerce has lifted the five-year ban and added that commercial import of used vehicles will be subject to import policy requirements and compliance with environmental and safety standards will be mandatory.
It should be noted that before this new initiative taken in the used imported vehicle sector in Pakistan, Prime Minister Shehbaz Sharif has also approved the new auto policy in the country, after which it has to be submitted to the federal cabinet for final approval.
