AIRLINK 199.70 Increased By ▲ 2.15 (1.09%)
BOP 10.49 Increased By ▲ 0.22 (2.14%)
CNERGY 7.27 Increased By ▲ 0.32 (4.6%)
FCCL 35.00 Increased By ▲ 0.58 (1.69%)
FFL 17.40 Decreased By ▼ -0.26 (-1.47%)
FLYNG 24.84 Increased By ▲ 0.24 (0.98%)
HUBC 127.70 Decreased By ▼ -0.03 (-0.02%)
HUMNL 13.96 Increased By ▲ 0.13 (0.94%)
KEL 5.07 Increased By ▲ 0.19 (3.89%)
KOSM 6.99 Increased By ▲ 0.30 (4.48%)
MLCF 44.64 Increased By ▲ 0.49 (1.11%)
OGDC 221.66 Decreased By ▼ -3.25 (-1.45%)
PACE 7.40 Decreased By ▼ -0.10 (-1.33%)
PAEL 42.70 Decreased By ▼ -0.16 (-0.37%)
PIAHCLA 17.44 Increased By ▲ 0.22 (1.28%)
PIBTL 8.46 Decreased By ▼ -0.08 (-0.94%)
POWER 9.12 No Change ▼ 0.00 (0%)
PPL 192.25 Decreased By ▼ -2.05 (-1.06%)
PRL 41.55 Increased By ▲ 2.79 (7.2%)
PTC 24.45 Increased By ▲ 0.11 (0.45%)
SEARL 101.40 Increased By ▲ 1.53 (1.53%)
SILK 1.06 Increased By ▲ 0.06 (6%)
SSGC 43.75 Decreased By ▼ -0.01 (-0.02%)
SYM 18.80 Increased By ▲ 0.22 (1.18%)
TELE 9.50 Increased By ▲ 0.38 (4.17%)
TPLP 13.05 Increased By ▲ 0.09 (0.69%)
TRG 66.15 Increased By ▲ 2.05 (3.2%)
WAVESAPP 10.65 Increased By ▲ 0.28 (2.7%)
WTL 1.79 Increased By ▲ 0.01 (0.56%)
YOUW 4.05 Increased By ▲ 0.03 (0.75%)
BR100 12,040 Increased By 72 (0.6%)
BR30 36,689 Increased By 5 (0.01%)
KSE100 114,804 Increased By 574.1 (0.5%)
KSE30 36,102 Increased By 118.3 (0.33%)

Standing Committee of the Lahore Chamber of Commerce and Industry (LCCI) on Customs, Tariff, Import and Valuation has called upon the government not to allow import of second-hand cars, rather it should reduce import duty on new cars.
LCCI Committee for Customs, Tariff, Valuation and Imports Chairman Irfan Qaiser stated this here on Thursday. He said the committee has also urged the government to intervene and investigate the root causes and reasons why such a non-consumer friendly situation exists with relation to deliveries of vehicles in Pakistan.
The committee made these observations at a recently held meeting, which was chaired by Qaiser. Committee Co-Convenor Tahir Javed Malik and other members also attended it.
Irfan Qaiser said that the automobile industry and its vendors had made a lot of progress in the recent past. Two years back the production of automobiles was around 45,000, which hopefully would touch the figure of 100,000 units this year.
It showed that the industry was booming, not only this but the vendors was also preparing to jump into the field of exports of auto-parts and upgrading their technologies, he added.
He was of the view that permission to import used cars might hurt the flourishing industrial sector and could aggravate unemployment problem. He said that import of used cars could also result in bringing junk to the country in the name of cars, which might not be environment friendly too.

Copyright Business Recorder, 2004

Comments

Comments are closed.