The Economic Coordination Committee (ECC) of the Cabinet on Wednesday decided to amend relevant provisions of the Import Policy Order, 2022 to allow the commercial import of used vehicles.

According to a statement issued by the Finance Division, “The ECC considered a summary regarding the commercial import of used vehicles and, after detailed discussion, accorded approval to the proposals.”

Initially, only vehicles not older than five years will be permitted until 30th June 2026, after which the vehicle age limit shall stand removed, it added.

As per the statement, Federal Finance and Revenue Minister Muhammad Aurangzeb chaired the ECC meeting virtually from New York.

The ECC further directed that “such commercial importation would remain subject to strict compliance with prescribed environmental and safety standards”.

“The committee also approved the imposition of 40........

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