According to the most recent report from the Pakistan Bureau of Statistics (PBS), Pakistan had a substantial increase in car imports in the first month of the current financial year, while smartphone imports saw a decline.
In July 2024, the amount of cars imported more than doubled to $23.29 million in orders. In local currency, these imported vehicles were worth about Rs6.45 billion.
Alongside this increase in car imports, there was also an increase in car assembly operations; in July 2024, $34.2 million worth of parts were imported. These parts were valued at more than Rs9.5 billion in local currency, demonstrating a strong market for both fully assembled (FBU) and completely disassembled (CKD) auto kits.
