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90% of Cars in Pakistan are Sold at Premium/ Own/ On Money- Research

According to a recent research by Pakistan Institute of Development Economics (PIDE), it has been revealed that the automobile sector of Pakistan has made undocumented transactions worth Rs 150 billion to Rs 170 billion during last 5 years under the head of additional charges, also known as own/ premium, paid to the car dealers to get an immediate delivery. As per this research, around 80 to 90% of passenger vehicles in Pakistan are sold against premium/ on money.

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Can We Settle the Localization Debate With This?

Auto assemblers operating in Pakistan make bold claims to have achieved higher localization of up to 70% in local assembled cars, however there are many circles including the auto parts vendors who blame assemblers for insufficient localization, which is why car prices are always 100% vulnerable to forex rates.

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