New Import Rule: Cars up to 2,000 KM to be Considered New!

• The government has extended the mileage limit for imported cars to 2,000 kilometers.
• Commercial imports of used cars remain prohibited despite the mileage limit revision.
• This change addresses challenges faced in importing specialized vehicles with higher mileage.

The federal government has recently made significant changes to regulations concerning vehicle imports and wheat flour exports, aiming to streamline trade processes and meet domestic and international demands more efficiently.

One of the key changes introduced by the government is the amendment to the Import Policy Order 2022 regarding vehicle imports. Under the revised policy, imported vehicles with up to 2,000 kilometers of mileage will now be classified as new cars. This adjustment marks an increase from the previous limit of 500 kilometers, addressing challenges faced in importing specialized vehicles from countries like China, where vehicles often have higher mileage before reaching Pakistan.

The decision to extend the mileage limit for imported cars comes as a response to practical difficulties encountered at Customs counters, especially with vehicles carrying 800-1,500 kilometers of mileage from their origin. This change aims to facilitate smoother import processes while ensuring that trade flows are not disrupted due to technicalities at ports.

It’s important to note that despite this revision, commercial imports of used cars remain prohibited. The government’s focus is on balancing trade interests and preventing unnecessary delays in import procedures.

In addition to the changes in vehicle import regulations, the government has also taken steps to boost exports. Through SRO 433(1) 2024, it has allowed the export of wheat flour produced from wheat imported exclusively for export purposes under the Export Facilitation Scheme, 2021. This decision is strategic, as it enables Pakistan to meet the growing demand for flour in neighboring countries while also addressing domestic wheat consumption requirements.

Also Read

Hyundai Elantra Latest Price in Pakistan & Features – April 2024

Hyundai Elantra, a renowned sedan manufactured by the South Korean automotive giant...

Overall, these policy adjustments reflect the government’s commitment to fostering a more efficient and sustainable trade environment, promoting both imports and exports in line with national economic objectives.