• Download the Constitution of Pakistan
  • Advertise
Tuesday, June 17, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Automobiles

Govt Lifts Import Ban on CKD Car Kits

by News Publishing
August 18, 2022
in Automobiles, Business
Reading Time: 1 min read
0
Govt Lifts Import Ban on CKD Car Kits
Share on FacebookShare on TwitterLinkedinWhatsapp

The government has announced that the import ban has been lifted, according to federal Minister of Finance Miftah Ismail.

Miftah stated at a press conference with the economic team that the government has banned the import of non-luxury goods in accordance with the International Monetary Fund’s order.

He continued by saying that the current economic stability had led the government to lift the ban on both necessary and optional goods. According to Miftah, the IMF board will meet on August 29 to review Pakistan’s request for a $1.17 billion initial loan.

He claimed that the import restrictions allowed the government to concentrate only on importing necessities. When we have few resources and a huge population to feed, [the nation] automatically becomes our top priority, he said. We imposed a ban on [non-essential commodities] because we had to decide between importing vehicles and wheat.

CKD Imports

Possibly the worst effect on the auto sector was the import ban. Due to decreasing inventory, the letter of credit’s forced the auto industry to implement production reductions.

Fortunately, the Completely Knocked Down (CKD) kits will not be subject to any restrictions because they aren’t considered as luxury goods. However, its beneficial effects on sales figures probably won’t be seen for a few months.

Tags: CKD Car KitsImport BanInternational Monetary Fundlatest
News Publishing

News Publishing

Related Posts

Sindh Unveils Budget 2025-26 with Pay and Pension Increases

Sindh Unveils Budget 2025-26 with Pay and Pension Increases

by Haris Ali
June 13, 2025
0

On June 13, 2025, the Sindh government unveiled the Budget 2025-26, announcing a series of financial relief initiatives for its...

Passenger Car Sales Surge Over 32% in Eleven Months

Passenger Car Sales Surge Over 32% in Eleven Months

by Haris Ali
June 13, 2025
0

In Pakistan, passenger car sales have increased by more than 32 percent, reaching 94,388 units in the first eleven months...

Pakistan, UAE Leaders Vow Stronger Cooperation in Pursuit of Peace and Stability

Pakistan, UAE Leaders Vow Stronger Cooperation in Pursuit of Peace and Stability

by Haris Ali
June 13, 2025
0

Pakistan and the United Arab Emirates (UAE) reaffirmed their commitment to close coordination and cooperation in pursuit of regional peace...

10% Salary Bump, More Pension: Govt Unveils Employee Relief Package

10% Salary Bump, More Pension: Govt Unveils Employee Relief Package

by News Publishing
June 11, 2025
0

The federal cabinet approved a 10% pay raise for federal employees and a 7% pension boost for pensioners during its...

Govt to unveil Rs17.6tr FY26 budget in National Assembly today

Govt to unveil Rs17.6tr FY26 budget in National Assembly today

by News Publishing
June 10, 2025
0

Federal Minister for Finance Muhammad Aurangzeb is scheduled to present the federal budget for the fiscal year 2025–26 in the...

Pakistan likely to unveil Rs17.68 trillion budget 2025-26 on June 10

Pakistan likely to unveil Rs17.68 trillion budget 2025-26 on June 10

by News Publishing
June 4, 2025
0

The Government of Pakistan is expected to present the federal budget for the fiscal year 2025-26 on June 10, with...

Next Post
China continues work with Pakistan to bring CPEC benefits: Chinese Spokesperson

China continues work with Pakistan to bring CPEC benefits: Chinese Spokesperson

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters