ToR facilities are being misused on a commercial basis
KARACHI: This is with reference to the news report that Pakistan imported more than 53,000 used vehicles in fiscal 2015-16. The commercial import of used cars is prohibited under the Import Policy Order, 2013. However, such imports have been on the rise as used car dealers make use of personal baggage, gift and transfer of residence (ToR) schemes, which are basically given to overseas Pakistanis to help them import a three-year-old used car on reduced duty for personal use.
ToR facilities are being misused on a commercial basis, but the government has not taken any action to stop this illegal practice. Used vehicle imports are affecting the growth of the automobile sector while potential investors are also hesitant in making long-term investments. Our government is on a suicidal path in the automobile sector.
Syeda Shajia Raza
Published in The Express Tribune, July 30th, 2016.
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