The IMF’s New Policy on Used Cars
Pakistan has made a deal with the IMF to make it easier to import used cars. The government will now allow cars up to five years old (instead of three) and will slowly reduce taxes on these imports over the next few years. The IMF says this will make cars cheaper and give people more choices.
Good News for Buyers?
For many Pakistanis, this could mean finally being able to afford a car. Prices may drop by 20-30%, especially for popular used Japanese models. People will also have more options, including cars that were too expensive before.
Possible Problems Ahead
But there are worries too. Local car makers say this could hurt their business and cost jobs. Older imported cars might also have more problems and pollute more, which goes against Pakistan’s plans for cleaner transportation. Some experts warn that cheap used cars could slow down the switch to electric vehicles.
What Happens Next?
This policy could help people buy cars now, but it might cause bigger problems later. The government will need to find a balance—making cars affordable without destroying local factories or harming the environment. The real test will be whether Pakistan can make this work for both consumers and the economy in the long run.
Cheaper used cars are coming, but the full impact is still unclear. Will this be a good deal for Pakistan? Only time will tell.
Also read:Who is Sharifullah? The man Pakistan handed over to US
