Bloomberg L.P.

Where Used Cars Have More Lasting Value Than Money

Pakistan is an unusual place for cars. You can buy a new vehicle, drive it for years, and sell it at a higher price. Muhammad Rameez, head of sales at Foundation Securities Pvt., says he purchased a ...
Dawn

Pakistan leads region in used car imports

KARACHI: The import of used cars in Pakistan is much higher than its regional peers and other countries. However, different countries have implemented various strategies to balance consumer demand, ...
Bloomberg L.P.

Pakistan’s Surging Used Car Imports Pose Threat, Toyota JV Says

Pakistan’s soaring used car imports pose a “serious” threat to local manufacturers, according to Indus Motor Co., the local joint venture of Toyota Motor Corp. The roughly 40,000 to 45,000 imported ...
Business Recorder

Import of used cars poses an ‘existential threat’ to Pakistan’s auto industry

KARACHI: Stricter regulations are needed around the import of used cars, which is hurting the local auto sector, industry sources say. They also believe a cascading tariff structure - where import ...
The Express Tribune

Toyota's local partner eyes used car imports

The government's new vehicle electrification and liberalised import policy has prompted Indus Motor Company (IMC) – the local assembler of (Japanese auto giant) Toyota vehicles – to explore commercial ...