Cabinet approves five-year old cars import

The Federal Cabinet on Wednesday allowed import of five-year old used vehicles to bring the rising prices of cars in the country within the reach of common man.

The decision was taken in a meeting of the Federal Cabinet, chaired by Prime Minister Syed Yusuf Raza Gilani that took into account the complaints of a sharp hike in the prices of locally manufactured cars.

“The Cabinet decided to approve the import of five-year old used cars,” Information Minister Qamar Zaman Kaira said while briefing reporters on the decisions.

He clarified that the Prime Minister never overruled the Cabinet decision to allow import of used cars. He added that the Prime Minister had postponed the decision till the next meeting of Cabinet and the reports in media that earlier decision had been overruled, were totally incorrect.

The Cabinet also endorsed decisions taken by the meeting of Economic Committee of the Cabinet. The Finance Minister briefed the Cabinet on his meeting with the opposition regarding the state of economy.

The Cabinet also condemned blasts in Lahore and Karachi on Tuesday and prayed to Allah Almighty to shower His blessings on those, who had lost their lives.