It was imposed that one of the leading companies has adjured the government to also bring imported vehicles under the confines of the newly implemented ordinance that limits the second sale of vehicles within the 90 days of the invoice and whosoever does this will be charged a fine based on the engine capacity.
On Friday the CEO of Indus Motor Company Ali Asghar Jamali said “The apparent reason to introduce this revamping is to discourage the on-money premium practice in the market for both the existing players as well as the new entrants. Yet this policy will be applicable to imported vehicles too.
While the product variety is increasing, the industry-wide production capacity has now gone twice from 275,000 units to 500,000 units.
