Car policy reset |
THE government’s decision to finally scrap the much-abused ‘personal baggage scheme’, long exploited by commercial traders as a backdoor for the wholesale import of used cars, is a long-overdue policy correction. The changes to the policy also tighten existing rules and introduce new restrictions on vehicle imports under the ‘transfer of residence and gift schemes’, which should minimise imports for commercial objectives while recalibrating them for their original purpose of facilitating overseas Pakistanis. The decision allowing the import of only up to three-year-old cars under these schemes will also........