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Hi, I am looking for someone to write an article on the effect of imported trucks on pakistan's local trucking industry and the local trucking market Paper must be at least 4250 words. Please, no plag
Hi, I am looking for someone to write an article on the effect of imported trucks on pakistan's local trucking industry and the local trucking market Paper must be at least 4250 words. Please, no plagiarized work! What makes Pakistan’s transport industry even more vital is that at present it is used to transport goods to and from Karachi, Pakistan’s only port city. With the development of the new port in Gawadar, the trucking industry will hold great significance in transporting cargo for the Central Asian landlocked states. Pakistan’s trucking industry will not only hold great economic importance at this stage but will develop a very strategic significance.
Trucks & buses were allowed under the gift, personal baggage & TR Scheme since 1993. This did not hurt the local industry as there were stringent rules in place. However, this changed when in July 2005 the import policy rule was introduced which allowed import of vehicles of any age under the TR scheme as long importers could prove:
To add fuel to the fire, SRO 574 (2005) was also issued effective 1/6/2005, allowing clearance of used vehicles on payment of 30% fines. This fine was put in place because earlier under the changes made in July 2005 used trucks were illegal to import. This fine was created with the intention of being a deterrent, but proved, in the end, to be ineffective as the trucks being imported were so cheap that even after paying the fine it was feasible for the importers to sell them in Pakistan for a profit.
As a result of the above measures, the import of used trucks shot up in huge numbers, heavily capturing the OEM (Original Equipment Manufacturer) market share with the number of used imported trucks exceeding the number of trucks produced by all OEMs. Although in July 2006 the import policy was modified not to allow the import of used vehicles of more than 5 years old, the import of trucks and buses older than 5 years continue due to the SRO 574 (2005). The import of used vehicles for construction purposes under SRO 567 (2006) is also hitting the industry as there is no control over quantity.
