A PYMNTS Company

Pakistan: Car import age limit reduced, antitrust authority study still underway

By  |  December 13, 2012

Pakistan’s Ministry of Commerce has reduced the age limit on imported cars, a decision that became effective December 15. The age limit was reduced from five years to three years. The decision was made after the Economic Coordination Committee decided that the age of used imported cars should correlate to a reduction of prices in locally assembled cars between a certain price range. A study is currently underway by the Competition Commission of Pakistan and the National Assembly’s Standing Committee has requested that the Ministry of Commerce not issue any notification before that study is concluded.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Business Recorder

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.