{"id":97462,"date":"2023-01-09T11:18:11","date_gmt":"2023-01-09T11:18:11","guid":{"rendered":"https:\/\/autodeals.pk\/blog\/?p=97462"},"modified":"2023-01-09T11:18:11","modified_gmt":"2023-01-09T11:18:11","slug":"government-announced-for-allowing-luxury-car-import","status":"publish","type":"post","link":"https:\/\/autodeals.pk\/blog\/government-announced-for-allowing-luxury-car-import\/","title":{"rendered":"Government Announced for Allowing Luxury Car Import"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-overview\"><strong>Overview<\/strong><\/h2>\n\n\n\n<p>The import coalition of the government has been highly criticized by Pakistanis and economic experts for its failure to improve the economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Ali Khizar Economic Analyst<\/strong> <strong>Tweet<\/strong> <strong>On Import<\/strong><\/h2>\n\n\n\n<p>They have also criticized the government&#8217;s recent move to open letters of credit (LCs) for luxury car <strong><a href=\"https:\/\/autodeals.pk\/blog\/customs-duties-reduced-on-1000cc-car-ckd-kits\/\">imports<\/a><\/strong>. A tweet from Ali Khizar, a well-known economic analyst, provides some insight into the situation.<\/p>\n\n\n\n<p>65 vehicles confirm for the first batch (on January production) for March delivery. 45 LCs opened, with the remaining 20 in the process.<\/p>\n\n\n\n<p>More than 100 automobiles have reserved for the second round (for production in March). And the organization is willing to accept more appointments.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">65 cars are confirmed for the first batch (on January production) for delivery in March. LCs for 45 cars are opened, and remaining 20 in process. <br><br>100 plus more cars are booked for second batch (for production in March). And they company is eagerly taking more bookings.  <br><br>MA ! <a href=\"https:\/\/t.co\/jWh83mLkUo\">https:\/\/t.co\/jWh83mLkUo<\/a><\/p>&mdash; Ali khizar (@AliKhizar) <a href=\"https:\/\/twitter.com\/AliKhizar\/status\/1611649721172647938?ref_src=twsrc%5Etfw\">January 7, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Some sources also claim that the government has approved the entry of more than 160 Mercedes-Benz luxury vehicles. Though rather, we are not receiving confirmation of such claims.<\/p>\n\n\n\n<p>Enjoy the pinnacle of luxury on the verge of bankruptcy. This makes it even more deserving. The cost of importing a BMW i7 is only 226,000 euros. The retail price is approximately PKR 5 crore. 150-200 automobiles reserved. LCs are sprouting up.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/01\/Government-Announcement-1024x576.png\" alt=\"\" class=\"wp-image-97463\" \/><figcaption class=\"wp-element-caption\"><strong>Government Statement<\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>State Bank of Pakistan Statement<\/strong><\/h3>\n\n\n\n<p>The State Bank of Pakistan (SBP) recently relaxed import restrictions on <a href=\"https:\/\/autodeals.pk\/blog\/are-the-government-lifted-restrictions-on-ckd-import-in-2023\/\">Completely Knocked Down<\/a> (CKD) kits for local automakers.<\/p>\n\n\n\n<p>In an official release, the SBP stated that the central bank has decided to relax supply restrictions commencing January 2, 2023. The decision is to allow the SBP to accept requests that are already lodged.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h4>\n\n\n\n<p>The lifting of import restrictions will allow <a href=\"https:\/\/autodeals.pk\/blog\">automakers<\/a> to resume manufacturing and sales. As long as they do not raise prices further. Analysts, however, are criticizing the decision&#8217;s prudence in light of the ongoing economic crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The import coalition of the government has been highly criticized by Pakistanis and economic experts for its failure to improve the economy.<\/p>\n","protected":false},"author":2,"featured_media":97464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"2","show_author_box":"1","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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