KARACHI: For Pakistan’s middle-income households, car ownership has increasingly become unattainable, not merely because of inflation and currency depreciation, but due to a policy framework that has failed to balance consumer welfare, industrial development and macroeconomic stability. As vehicle prices continue to rise while incomes stagnate, debate has resurfaced over whether Pakistan should cautiously liberalise vehicle imports to revive competition and affordability, or persist with a protection-heavy regime that risks shrinking the market without delivering genuine industrial strength. Trade economist Aadil Nakhoda argues that the popular narrative linking vehicle imports…
Read MoreCars no longer affordable for middle-class
