A PYMNTS Company

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

 |  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.

Full Content: Business Recorder

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