• Restrictions on used vehicles up to five years old to be lifted from Sept
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ISLAMABAD: Finance Minister Muhammad Aurangzeb informed a parliamentary committee on Friday that restrictions on commercial imports of used vehicles up to five years old will be lifted from September, in line with an International Monetary Fund condition and as part of a tariff strategy to gradually phase out overprotected sectors.

As of July 1, 2026, the age limit for importing used cars and vehicles will be lifted entirely. However, while age restrictions will end, strict compliance with quality standards will remain mandatory.

Although the matter was not listed on the Senate Standing Committee on Finance and Revenue’s agenda, the minister disclosed the government’s four-year roadmap for used vehicle imports, which aims to align tax treatment for used and new vehicles.

The committee meeting was chaired by Senator Saleem Mandviwalla.

The committee concluded its morning session by addressing pending agenda items, while the evening session focused on finalising recommendations to........

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