Call to apply anti-premium rule to imported cars also

LAHORE: A leading automobile company has urged the government to also bring imported vehicles under the ambit of the newly promulgated ordinance that limits second sale of vehicles within 90 days of the invoice and one who does this will be charged a fine based on engine capacity.

“The apparent reason to introduce this amendment is to discourage on-money [premium] practice in the market. The step is very encouraging not only to existing players but to new entrants also. But this policy should also be applied to imported vehicles as well,” said Indus Motor Company CEO Ali Asghar Jamali while talking to a group of journalists during his visit to a part manufacturing plant at Sundar Industrial Estate on Friday.

He said the industry-wide production capacity has now doubled from 275,000 units to 500,000 units while production variety is also increasing.