ECC Allows Car Imports- Duty to be Paid in Dollars

[nahtanbob]

seriously why can't expatriates purchase a car made in pakistan ?

 

[Viny]

Get out of text book man ... get into real world ...

What r u telling me is text book stuff ... if u dont know how things work in the real world its not my problem ... go and read money laundering scam of khanani and kalia and company ... its relationship with zardari and how one of his brother got killed ... i dont have time to teach u how illegal black economy works ...

Ok so you are thinking this scheme will some how allow the black money to get converted into white.
As people buying $$$s from open market which is black and then deposit it to govt as import duty paid in $$$ as white will go unnoticed by govt.
And the seller of $$$ received from hawala will show that $$$s where found buried under his house.

 

[The Accountant]

Ok so you are thinking this scheme will some how allow the black money to get converted into white.
As people buying $$$s from open market which is black and then deposit it to govt as import duty paid in $$$ as white will go unnoticed by govt.
And the seller of $$$ received from hawala will show that $$$s where found buried under his house.

No this scheme is to get out dollars from money exchange and to record documentation of dollars converted by exchange company versus dollars officially bought by exchange company ...

 

[Moon]

seriously why can't expatriates purchase a car made in pakistan ?

Name cars made in Pakistan that are allowed to be used on European or American roads? The big three murdered our automotive industry and during the 90s they bribed PPP and PML-N who gladly gave them a monopoly over the car market by killing every competition.

 

[nahtanbob]

Name cars made in Pakistan that are allowed to be used on European or American roads? The big three murdered our automotive industry and during the 90s they bribed PPP and PML-N who gladly gave them a monopoly over the car market by killing every competition.

i do not get it. if you are abroad purchase it a foreign car in the market you are working. if you move to pakistan purchase a car made in pakistan

who are the big three ??

 

[CSPK]

^ Big Three refers to Toyota Honda and Suzuki in Pakistan. These 3 companies are operating, dominating and manipulating the car market for more than 25 years. The products in terms of price or segment never rival each other. Toyota and Honda never introduced any small hatchbacks or vehicles that could rival Suzuki and vice versa.

Read more in detail here:https://www.carspiritpk.com/2016/07/25/the-oligopoly-redefined/

Furthermore cars assembled by these 3 can't even be exported to African countries. The Auto Policy 2016-21 was primarily aimed to shake the dominance of Big 3, and to encourage non Japanese players to come and invest in the auto sector. South Korean Hyundai and Kia as well as French Renault is in process of making an entry in Pakistan, along with a flurry of Chinese automakers.

 

[Syed1.]

^ Big Three refers to Toyota Honda and Suzuki in Pakistan. These 3 companies are operating, dominating and manipulating the car market for more than 25 years. The products in terms of price or segment never rival each other. Toyota and Honda never introduced any small hatchbacks or vehicles that could rival Suzuki and vice versa.

Read more in detail here:https://www.carspiritpk.com/2016/07/25/the-oligopoly-redefined/

Furthermore cars assembled by these 3 can't even be exported to African countries. The Auto Policy 2016-21 was primarily aimed to shake the dominance of Big 3, and to encourage non Japanese players to come and invest in the auto sector. South Korean Hyundai and Kia as well as French Renault is in process of making an entry in Pakistan, along with a flurry of Chinese automakers.

Not to forget they are selling inferior quality cars at several times inflated prices.

 

[nahtanbob]

People in foreig

Not to forget they are selling inferior quality cars at several times inflated prices.

several times inflated prices ?? I have been over the discussion in another thread. may be 20-25% markup

plus cheaper cars will drive up your fuel import bill

 

[Syed1.]

several times inflated prices ?? I have been over the discussion in another thread. may be 20-25% markup

plus cheaper cars will drive up your fuel import bill

Mind your business and don't run mouth without knowledge

 

[Moon]

i do not get it. if you are abroad purchase it a foreign car in the market you are working. if you move to pakistan purchase a car made in pakistan

who are the big three ??

Because imported cars have better safety features, better value for money and better build quality, all of these compel a buyer to go for an imported vehicle. Look at the Honda Civic in America and look at the one in Pakistan; compare their prices and features and you'll see a daylight robbery.
The only thing that could lure a Pakistani costumer to buy a locally built car is if you lower the prices and give consumer rights such as Lemon Laws.
The Big Three refers to Suzuki, Toyota and Honda they hold a monopoly over the Pakistani car market.

 

[nahtanbob]

Because imported cars have better safety features, better value for money and better build quality, all of these compel a buyer to go for an imported vehicle. Look at the Honda Civic in America and look at the one in Pakistan; compare their prices and features and you'll see a daylight robbery.
The only thing that could lure a Pakistani costumer to buy a locally built car is if you lower the prices and give consumer rights such as Lemon Laws.
The Big Three refers to Suzuki, Toyota and Honda they hold a monopoly over the Pakistani car market.

It is $3000-$5000 differential. It is driven by the small size of Pakistani car market and restrictions on auto part imports.
I would ban or restrict the imports of cars and use the FOREX to support a 4th entrant into the market place.

 

[American Pakistani]

Very bad news for pakistani economy. I have no idea who is making these foolish decisions.

 

[ejaz007]

Are you seriously "The Accountant"
How will the hawala guy or hundi guy produce dollar sells invoice for the buyer of $$.
Who would be obviously asked for proofs of $$s purchased.

Did you read other posts related to topic, or just fired the trigger.

Dollars arriving via hundi/hawala end up in open market. When someone buys dollars from open market selling company provides a receipt. That is the proof.

One of the possible purposes of this scheme is that government believes dollars from open market shall end up in government treasury increasing foreign reserves.

 

[Viny]

Dollars arriving via hundi/hawala end up in open market. When someone buys dollars from open market selling company provides a receipt. That is the proof.

One of the possible purposes of this scheme is that government believes dollars from open market shall end up in government treasury increasing foreign reserves.

If seller is giving sales receipt, so somewhere in his books he will have to show the purchase receipt too..He cannot show he grew up $$$s in backyard.
Paper trail will get caught ...if not today atleast tommorow.

 

[kmc_chacko]

And from where one would buy dollars to pay to govt ?
Wont it unnecessarily increase the demand for dollars in country just to pay back to govt.

I don't know how can they take such decision whey PKR is struggling against $, unnecessary pressure to procure $ from open market to pay Govt Reserves to buy a imported car will make PKR more vulnerable against $.