Friday, October 31 2025

Govt tightens rules on car imports
A high-level meeting at the Ministry of Commerce, co-chaired by Federal Minister for Commerce Jam Kamal Khan and Special Assistant to the Prime Minister (SAPM) on Industries Haroon Akhtar Khan, reviewed policy measures for the automotive sector, regulation of used car imports, and facilitation for local manufacturers and genuine overseas Pakistanis. According to an official statement issued on Thursday, delegations from the Pakistan Automotive Manufacturers Association (PAMA) and the Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) attended the meeting, along with senior officials of the Ministry of Commerce, Ministry of Industries and Production, and the Federal Board of Revenue (FBR). The minister said the focus was to assess the automobile and auto parts industry after the opening of commercial imports of used cars, and to discuss the import schemes for overseas Pakistanis while ensuring transparency and preventing misuse.
Related news categories: auto-assembler business economic-indicators misc

Thursday, October 30 2025

Govt drafts reforms to curb exploitation in overseas Pakistanis’ car import schemes
Commerce Minister Jam Kamal Khan said the government is working on amending used car import schemes to curb commercial misuse and ensure that only genuine overseas Pakistanis benefit from them. The development came during a high-level meeting held at the Ministry of Commerce, co-chaired by Jam Kamal Khan and Special Assistant to the Prime Minister on Industries Haroon Akhtar Khan, to review policy measures for the automotive sector, regulation of used car imports, and facilitation for local manufacturers and genuine overseas Pakistanis. The meeting was attended by delegations from the Pakistan Automotive Manufacturers Association (PAMA) and the Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM), along with senior officials of the Ministry of Commerce, Ministry of Industries & Production and FBR.
Related news categories: auto-assembler business economic-indicators misc

Tuesday, October 28 2025

Indus Motor profit after tax jumps 32% in 1QFY26
Indus Motor Company Limited (IMC), the assembler of Toyota vehicles in Pakistan, reported a significant increase in earnings for the quarter ended September 30, 2025, as profit after tax rose 32% year-on-year to Rs6.72 billion, compared to Rs5.09 billion in the same period last year, according to the company’s financial results. Consequently, the automaker’s earnings per share (EPS) climbed to Rs85.49, up from Rs64.77 in the corresponding quarter of 2024. The company shared this development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. IMC announced an interim cash dividend of Rs51 per share i.e. 510% for the quarter ending September 30, 2025.
Related news categories: auto-assembler business economic-indicators psx stock-exchanges
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Friday, October 24 2025

PAAPAM raises alarm over rampant misuse of used car import schemes
The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has raised alarm over the rampant misuse of used car import schemes —originally intended for overseas Pakistanis — which now fuel a Rs 200 billion black market and threaten the survival of Pakistan’s auto parts industry. Introduced under the Gift, Transfer of Residence, and Baggage schemes, these provisions were meant to facilitate genuine personal vehicle imports. Instead, they’ve become conduits for commercial exploitation, money laundering, and tax evasion. Vehicles are imported using purchased passports and paid for via Hawala channels, then sold through unregistered dealers with no FBR reporting — unlike locally assembled vehicles, which require full tax documentation.
Related news categories: auto-assembler business economic-indicators misc