Pakistan Breaking News

Wednesday, January 26, 2011

Cabinet approves import of 5-year old cars

ISLAMABAD:The federal cabinet on Wednesday approved the decision to allow the import of five-year-old cars.

The decision was taken during a cabinet meeting chaired by Prime Minister Yousaf Raza Gilani.

The government, on December 8, 2010, had increased the age limit for car imports from three years to five years, meeting a longstanding demand of dealers and countering hikes in domestic car prices.

Earlier, a report in The Express Tribune said Gilani was believed to be facing resistence after nearly two dozens ministers in the powerful Economic Coordination Committee (ECC) of the cabinet had challenged his decision to reverse the ECC move toallow the import of five-year-old used cars.



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