TOKYO: Stakeholders have urged the government to exclude from the import ban vehicles returned home by expatriates under donation and residency transfer schemes, arguing that no dollars leave the country at the following these imports.
“Pakistan earns millions of dollars in tariffs on importing the vehicles under the special regimes,” officials from the Pak-Japan Business Council in Tokyo, Japan, told The News.
“Last year, Pakistanis overseas paid $450 million in customs duties on these imported vehicles.”
They argued that these cars were primarily hybrid or electric vehicles, which could help reduce fossil fuel consumption and carbon emissions, but the federal government added these vehicles to the list of prohibited imported items.
Expressing dismay at the decision, the Car Exporters Association of Pakistan said all duties and fees were handed over by Pakistanis overseas, sending
these cars in Pakistan, through the appropriate banking channels.
The government has banned the import of luxury goods and assembled vehicles which the federal government has fueled through SRO 598(1)2022 has also banned the import of vehicles sent by overseas Pakistanis into the through a gift and residency transfer options program.
They said that if the decision is not reversed, the country could face an annual foreign exchange loss of $450 million.
Stakeholders have urged the government to immediately lift the ban so that the country can earn foreign exchange and Pakistanis living abroad benefit from the facility.
Last month, the government imposed a temporary ban on imports of 38 essential and luxury items. The Department of Commerce, through SRO598 of 2022, amended the Import Policy Ordinance.
The SRO has specified 800 Pakistan Customs Tariff (PCT) headings of prohibited items in 33 categories.
According to the list, the import of CBU cell phones, household appliances, cosmetics, tableware, pet food, private weapons and ammunition, shoes, chandeliers and lighting (at except for energy savers), headphones and speakers, doors and windows has been prohibited. picture frames, travel bags and suitcases, sanitary wares, carpets (except from Afghanistan), tissue paper, furniture, shampoos, automobiles (CBU), luxury mattresses and sleeping bags, toiletries/toilets, heaters/blowers, sunglasses, cooking utensils, cigarettes, shaving products, luxury leather clothing, musical instruments, saloon items such as hair dryers and decorative/ornamental items.