The CCP's recent report highlights that the influx of over 38,000 used cars in FY25 accounted for nearly one-fourth of total passenger vehicle sales, leading to significant financial losses for local manufacturers. The report emphasizes that each imported vehicle substitutes demand for locally assembled cars, threatening Pakistan's industrial base and increasing macroeconomic vulnerabilities. The CCP estimates that the local auto parts industry saves approximately USD 1.25 billion annually through import substitution, a buffer that could diminish if imports continue unchecked.
BUSINESS
Ccp Report On Used Car Imports Impacting Pakistan Auto Industry
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The Competition Commission of Pakistan (CCP) warns that used car imports cost the domestic auto industry Rs. 60 billion and displaced over 40,000 jobs in FY25. The CCP calls for reforms to enhance competitiveness and protect local manufacturing amid rising imports.
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