Import of CBU vehicles surges by 44.57pc in Q1

KARACHI: Import of completely built up (CBU) vehicles has surged by 44.57 percent in first quarter of current fiscal year due to high demand in the local market.

According to data the import of CBU vehicles increased to $206 million during July – September 2017 as compared with $142.28 million in the corresponding quarter of the last fiscal year.

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The import of CBU heavy vehicle although registered decline by 16.62 percent but on the other hand the import of motor cars and motorcycles posted massive growth of 99.38 percent and 395.6 percent, respectively.

The import of transport group posted 38.24 percent growth during the period under review to $960.87 million as compared with $695 million in the same period last year.

On the other hand, the import of CKD/SKD vehicles posted 23.49 percent growth to $314.28 million as compared with $254 million in the first quarter of the last fiscal year.