The International Monetary Fund (IMF) has urged the government to lift the ban on the commercial import of used vehicles, with a proposal under consideration to allow imports of vehicles aged three to five years.

Importers are advocating for this change, arguing it would enable Pakistani consumers to access affordable, modern, and luxury vehicles currently priced out of reach in the local market.

One importer noted that a 660 cc imported vehicle is available for Rs2 million to Rs2.2 million, whereas a locally manufactured vehicle of the same type costs no less than Rs2.5 million.

However, local auto manufacturers have raised concerns, warning that easing restrictions on imported vehicles could severely harm the domestic auto industry and jeopardize millions of jobs.

Industry representatives stress the need for the government to make a judicious decision that balances consumer needs with the protection of local industry and employment.

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Experts believe that this decision could be pivotal for both the economy and Pakistan’s industrial self-sufficiency.

As the budget deadline approaches, there is increasing pressure on the government to formulate a balanced policy that considers the interests of all stakeholders.