ECC alters vehicle import policy, keeps two schemes only

News Image

MG News | December 09, 2025 at 10:00 PM GMT+05:00

0:00

December 09, 2025 (MLN): The Economic Coordination Committee (ECC), chaired by Finance Minister Senator Muhammad Aurangzeb, allowed significant amendments to the country’s vehicle import regime.

That narrows the framework to only two schemes, Transfer of Residence and Gift, according to the Press Statement issued today. 

Under the revised structure presented by the Ministry of Commerce, these schemes will now be subject to commercial-import safety and environmental standards.

Additional modifications include the extension of the intervening import period from two to three years and mandatory one-year non-transferability for imported vehicles

The ECC emphasized that the updated procedure aims to strengthen regulatory oversight, enhance safety compliance, and close loopholes used for commercial misuse under personal schemes.

In other decisions, the ECC reviewed the Circular Debt Management Plan for FY 2025–26, instructed development of a medium-term fiscal reduction strategy, and called on the Power Division to institute a monitoring mechanism for DISCO performance.

The Committee also cleared multiple summaries, including restrictions on chloroform imports.

This allows only pharmaceutical companies with DRAP-issued NOCs to import Trichloromethane due to its toxic and carcinogenic nature.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 151,973.00
479.70M
-9.57%
-16089.17
ALLSHR 91,178.86
800.22M
-9.20%
-9239.97
KSE30 46,326.47
200.60M
-9.73%
-4995.92
KMI30 212,170.17
176.87M
-9.84%
-23154.95
KMIALLSHR 58,382.38
455.91M
-9.19%
-5909.79
BKTi 44,306.03
79.95M
-9.79%
-4809.39
OGTi 29,106.80
28.46M
-9.93%
-3209.99
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 66,185.00 67,760.00
64,325.00
-1640.00
-2.42%
BRENT CRUDE 71.88 71.96
70.69
0.12
0.17%
RICHARDS BAY COAL MONTHLY 96.00 0.00
0.00
-3.50
-3.52%
ROTTERDAM COAL MONTHLY 107.95 107.95
107.95
0.30
0.28%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 66.60 66.67
65.38
0.12
0.18%
SUGAR #11 WORLD 14.05 14.10
13.78
0.18
1.30%

Chart of the Day


Latest News
March 03, 2026 at 07:30 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


March 02, 2026 at 10:12 PM GMT+05:00

Pakistan’s short-term FX liabilities nears $32bn


March 02, 2026 at 09:46 PM GMT+05:00

Hot money bolts PSX with $4.4m exit


March 02, 2026 at 08:25 PM GMT+05:00

QatarEnergy halts LNG production



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg