KARACHI: Pakistan’s top economic decision-making body on Wednesday approved the import of used cars, drawing sharp criticism from industry stakeholders, who warned the move would have a “devastating” effect on local manufacturing in the country.
The decision was taken after a meeting of the Economic Coordination Committee (ECC) which was chaired virtually by Finance Minister Muhammad Aurangzeb from New York. The ECC said initially only vehicles not older than five years will be allowed to be imported until Jun. 30, after which…
