Tag Archives: Restrictions

Used car imports jolted as govt revives restrictions

KARACHI: The Ministry of Commerce (MoC) has revived a condition for used car imports that proved controversial last time it was introduced. The condition is that payment of duties and taxes for all car imports be made in foreign exchange to be directly remitted from abroad by the person importing the vehicle. Most used cars are imported in Pakistan under ... Read More »

Fitch: European Diesel Restrictions Could Hit Used Car Prices

(The following statement was released by the rating agency) LONDON, April 26 (Fitch) The prospect of greater restrictions on diesel-engine cars in Europe has not affected used car prices so far, but this could change if the restrictions caused a rapid and large shift of demand away from diesel cars, Fitch Ratings says. Implications for auto loan and lease ABS ... Read More »

RBI Imposes Restrictions On Withdrawal From Certain Bank Accounts

Mumbai: Tightening the noose around people who misused banking channels to park unaccounted money, the Reserve Bank on Thursday imposed certain restrictions on withdrawal if more than Rs. 2 lakh has been deposited after November 9 in an account which has a balance of over Rs. 5 lakh. As per a RBI notification, withdrawal or transfer of funds will not ... Read More »