The Economic Coordination Committee has approved new and stricter rules for importing vehicles into Pakistan. The meeting was chaired by Finance Minister Muhammad Aurangzeb. The goal is to stop misuse of import schemes and ensure that only genuine overseas Pakistanis benefit from them.
Key Changes to Vehicle Import Policy
The ECC has ended the Personal Baggage scheme. Only the Transfer of Residence and Gift schemes will continue.
Important conditions include:
- Minimum stay abroad increased to 3 years (850 days).
- Vehicle must come from the same country where the sender lives under the Transfer of Residence scheme.
- Gap between two imports increased from 2 to 3 years.
- Imported vehicles cannot be sold for 1 year.
- Commercial-import safety and environmental standards will apply.
These steps aim to control misuse of used car imports and improve transparency.
Other Major ECC Decisions
The ECC also reviewed the Circular Debt Management Plan to improve the power sector’s financial health. Margins for OMCs and petroleum dealers on petrol and diesel were revised. It also approved Rs 1.28 billion for the Pakistan Digital Authority to support digital transformation.
