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May 24, 2006
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Wednesday
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Rabi-us-Sani 25, 1427
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Import of cars
KARACHI, May 23: MNA Malik Niaz Ahmad Jakhar, chairman National Assembly Standing Committee on Production, on Tuesday said that the permission to import used cars was a temporary measure to meet the demand and supply gap which was now closing as the local industry had increased its capacity.
He reiterated that there was a need to encourage local car production by creating conducive environment to boost the confidence of the auto industry and its vendors.
In a meeting with Indus Motors Company (IMC), he said that the committee recommended that the auto industry may be given further protection. A long-term policy and restriction on imports of used car is necessary, says a press release of the IMC.
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