Over the last three decades only three car manufacturing companies have sustained in Pakistan, also referred to as ‘the Big Three’ which include; Pak Suzuki, Toyota Indus, and Honda Atlas, who are Japanese brands but forevermore, we’ve wondered about what happened to the companies that came and set up plants…Read more ›
High prices, tough financing schemes and high mark up rates force buyers to purchase second hand cars
Car prices today have increased three times compared to the prices in 2006 and to test the impact on buyers of this exorbitant increase in prices, Pakwheels.com and YouGov collaborated towards a research on the local automotive assembling industry which has been rated as the lowest progressive industry in Pakistan…Read more ›
Federal Board of Revenue has revised the calculation of duties imposed on used cars. No changes have been implemented on the duty and tax imposed on used car imports, neither is there any change in the age of old and used car imports.
In simple words, five years old cars can…
According to the data compiled by Paktribune, 26 out of every 100 new cars on the roads are imports, signifying the ground they have taken over by now. Although, sales of locally assembled cars have also increased by 23% (157,325 units compared to last year’s 127,944 units) but car imports…Read more ›
Government’s policy to implement Euro-II emissions standards in locally assembled had led local auto assemblers to increase prices by 75,000 PKR in late June but another increase in prices have been made today owing to weak Pakistani Rupee against US dollar and Japanese Yen.
This new rise in prices is however…
Pakistan Bureau of Statistics just released information regarding the total value of vehicles imported in the period of July-March 2011-2012 which has is a whopping 249 million US $ (22.585034 billion PKR). Compared to a rather very small worth of vehicles imported during the same period in the last fiscal…Read more ›
I recently sold my 1998 Suzuki Khyber and bought a “ghar ki chali hui” (Home driven) 2004 Suzuki Cultus and later the other day when I was going somewhere with a friend of mine, whom I asked to open the glove-box and get me my cigarette packet out. As he…Read more ›
The report that surfaced in mid of August about the possible federal government’s relaxation of duty on import of car from five to ten years has caused a bit of stir amongst the local automotive industry which has not received the news in welcoming manner and has expressed concern about…Read more ›
The world vehicle population in 2010 passed the 1 billion-unit mark 24 years after reaching 500 million in 1986. Prior to that, the vehicle population doubled roughly every 10 years from 1950 to 1970, when it first reached the 250 million-unit threshold.
According to Ward’s research, which looked at government-reported registrations…
While government’s enthusiasm to offer relief to consumers by allowing free import of all types of reconditioned cars, motorcycles, trucks and tractors in the forthcoming Trade Policy for the fiscal year 2011-12 is very pleasing, however, it must also set a standard for import of vehicles to avoid importers from…Read more ›