Auto Import Bill Goes Up Almost 194% in 2nd Half of 2020: Report
Auto Import Bill Goes Up Almost 194% in 2nd Half of 2020: Report Following the reinitiation of business activities in the automotive sector of Pakistan after the pandemic induced lockdown, a significant rise in the demand for vehicles was observed in the 2nd half of 2020. Following the recovery of business activity and demand, the import bill reportedly also went up by 194% between July and December of 2020. As per a media report, the import bill went up from $32 million in the 2nd half of the 2019 calendar year to $93 million in the 2nd half of the 2020 calendar year. The rise in the import ...