Islamabad (October 1, 2025) — The Government of Pakistan has fulfilled another tough IMF condition by allowing the commercial import of old cars starting from October 1, 2025.
Import of Cars Over 5 Years Old
According to the Ministry of Commerce notification:
- Import of cars older than 5 years is now officially open.
- These imports will only be allowed through banks under commercial procedures.
- The Federal Board of Revenue (FBR) will soon issue a separate notification to impose 40% regulatory duty on such imports.
Strict Conditions for Imported Vehicles
Officials explained that:
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Only cars with international certification will be allowed for commercial import.
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The Engineering Development Board (EDB) has set strict quality standards to control the entry of old vehicles.
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Rules for monthly depreciation (price reduction) of used cars will also be released soon.
IMF’s Response
The International Monetary Fund (IMF) has marked Pakistan’s economic performance as satisfactory, and the decision to open imports of old cars is seen as part of the government’s compliance with IMF’s policy requirements.
What This Means for Pakistan
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Car buyers may get more choices in the local market with the entry of old imported cars.
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However, the 40% regulatory duty means prices might still stay high.
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Experts say this step could increase government revenue, but it may also impact Pakistan’s local auto industry.
rom October 1, Pakistan has allowed the commercial import of old cars (over 5 years) with 40% duty. This fulfills an IMF condition while giving more options to buyers, but strict standards and high taxes remain in place.
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