Second-hand car import may be reviewed

Published December 12, 2002

KARACHI, Dec 11: The Prime Minister’s Adviser on Finance, Shaukat Aziz, on Wednesday dropped broad hint of government reviewing the decision on import of re-conditioned cars.

“It is a valid point,” Shaukat Aziz remarked spontaneously on a complaint of a local business leader. The businessman complained that despite a fall in dollar’s exchange value the motor car assemblers have not brought down the prices of the car. He quoted reigning prices of cars of every make and model being assembled in the country.

He accused car assemblers of demanding 100 per cent cash payment but do not deliver the booked car even in six months period. He, therefore, pleaded that there was all justification of importing re-conditioned cars in the country.

The Adviser remarked that there was no apparent justification for holding back delivery of booked car even in six months after getting all cash payment. He recalled that the previous government had called a meeting of car assemblers who had then promised to accelerate the delivery pace of booked cars.

He said the Industries Ministry is now studying the case and is expected to take some decision on this issue.

Opinion

Editorial

Centre vs provinces
10 Jun, 2026

Centre vs provinces

DELAYS in budget announcements are normal. After all, it is not easy to satisfy different lobbies competing for a...
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....