Pakistan News

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  • PAMA, APMDA lock horns on used car imports

    KARACHI: Auto assemblers have criticised the government for giving “unfair” advantages to dealers and importers of used cars...

    In its pre-budget proposals on Monday, Pakistan Automotive Manufacturers Association (PAMA) said that such advantages to dealers were causing damage to not only the local industry, but the national exchequer as well, which is suffering losses due to rampant under-invoicing and misuse of used car import...

  • Used car imports up by 30pc

    KARACHI: Imports of used cars continue to thrive, showing a sharp jump of 30 per cent in the last six months...

    According to data of Pakistan Bureau of Statistics (PBS), import of completely built units (CBUs), comprising more than 95 per cent used cars, swelled to $148...

  • Used car imports ‘to hinder new investment’

    KARACHI: The local industry has termed the Automotive Development Policy (ADP) 2016-21 “balanced”, and hopes it will help kick-start growth and provide more choices to consumers...

    However, they say the new policy does not restrict the influx of used cars, which has been “the biggest impediment in the growth of auto industry and is likely to be a major obstacle to any new investment and entrants”...

  • Used car imports claim bigger chunk in auto sales

    KARACHI: The share of used imported cars and light commercial vehicles (LCVs) in the auto market was 19 per cent in 2016, up from 14pc in 2013...

    Last year saw the arrival of 46,500 used cars and commercial vehicles while the local industry rolled out 203,500 vehicles...

  • Used car imports set to resume

    ISLAMABAD: Clearance of more than 10,000 used cars stuck at Karachi port since October is about to begin as the Commerce Ministry issued a notification withdrawing the new clearing procedure that had left the vehicles stranded...

    On the recommendation of the State Bank of Pakistan, commerce ministry notified new rules for clearance of used imported cars which required that payment of duties and taxes on every vehicle must be made from...

  • Crime diary: Car sales boom as do car thefts

    Sales of locally assembled automobiles and imported used cars are booming in Pakistan despite unwarranted increase in their prices...

    Industry sources reported over the weekend that 75,800 units of locally assembled units were sold, and the import of used cars rose to nearly $100 million in the July-November period...

  • PTI being used in Karachi by-polls, says Hashmi

    MULTAN: Veteran politician Javed Hashmi said the Pakistan Tehreek-i-Insaf (PTI) is being used in the Karachi by-elections by the forces looking for a solution to the issues of the city...

    “However, the result cannot be predicted as the forces looking to find a solution to Karachi’s problems are once again using the PTI in the by-elections and only God knows what will be the results,” he said...

  • Billions of black money being used to fund terrorism in Karachi: Rangers chief

    KARACHI: Pakistan Rangers, Sindh, on Thursday claimed to have estimated more than Rs230 billion being generated annually from Karachiites through extortion, smuggling of Iranian diesel, water supply and land-grabbing, mainly patronised by “a major political party”, and that part of that huge amount was also being used for “terror-funding”, a decade-old gang warfare in Lyari and criminal activities across the city...

    The statement...

  • Commission arrives in Karachi to investigate boat used in Mumbai attacks

    ISLAMABAD: A commission comprising Special Prosecutor Misbah-ul-Hasan Qazi and Defence Councel Raja Rizwan Abbasi arrived in Karachi on Thursday to examine a boat, Al-Fouz, believed to have been used in the 2008 Mumbai attacks...

    The Anti-Terrorism Court (ATC) on Saturday ordered the commission to travel to Karachi to investigate the boat and record the testimony of witnesses from the Federal Investigation Agency, who saw the boat...

  • Commission to travel to Karachi to examine boat used in 26/11 attacks

    ISLAMABAD: A commission constituted to examine a boat thought to have been used in the 2008 Mumbai attacks will visit Karachi on Oct 6, a date fixed by an anti-terrorism court (ATC) in Islamabad on Friday...

    Other than examining the boat, which is named Al-Fouz, the commission will also record the testimony of a witness who saw it being seized at the Karachi shipyard...

  • Four friends die in Karachi car crash

    KARACHI: Four friends were killed and two others injured critically when a car overturned on Sharea Faisal in the small hours of Thursday, Bahadurabad police said...

    The car hit a footpath and a tree before landing upside down near Awami Markaz at around 3:15am, resulting in critical injuries to six people travelling in it, said Gulshan SP Abid Qaimkhani...

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