You are right. It has nothing to do with import duties. The import duty on this CBR 150R is approximately Rs 125,000. The retail price in Pakistan is Rs 660,000. Let's assume there was NO import duty on it.
660,000 - 125,000 = Rs 535,000.
Let's assume Atlas Honda were making 100,000 profit per bike.
Rs 535,000 - 100,000 = Rs 435,000. >> Even at this price the people who want it to be worth 1 or 2 lacs cannot afford it.
The price of Honda CBR 150R in USA is $3500. >>> Even at this price CD70/CG125 riders cannot afford to buy it.
Real problem is yeh log apni jaib ko dekhey bagher khawab soch rahey hein. Kash Lamborghini jitney paisey mein afford kar sakta hoon uski launch ho jayey Pakistan mein phir to mein pehla buyer hoon ga.
Sadly, that's not how the world works.
Khawab utney dekhney chahiyey jitni chadar mein reh kar purey ho sakein.