Pakistan, June 20 -- The International Monetary Fund (IMF) has approved a major change in Pakistan's car import policy. Now, vehicles up to five years old can be imported. The decision ends the earlier restriction that only allowed imports of cars up to three years old. This new policy will take effect from September 2025.

The Ministry of Commerce shared the update during a briefing to the Senate Standing Committee on Finance. Officials clarified that this allowance applies to both personal and commercial vehicle imports. However, to discourage excessive imports, the government will apply an additional 40% duty on five-year-old cars.

Interestingly, cars brought in under the baggage scheme-used by overseas Pakistanis-will be exempt from ...