The Lahore High Court (LHC) has reportedly sprung into action after receiving a written petition against exorbitant car prices and has issued notices to the federal government and other relevant departments seeking a response on the matter.
A media report highlighted that as per the petition filed by Azhar Siddique, despite the recent decline in the rate of the US Dollar, the car prices remain sky-high. The petition added that, at such extravagant rates, the brand new cars have become out of a common man’s reach. Justice Abid Aziz Shaikh of the LHC has reportedly instructed the government to share its response to the petition by the next session.
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The petition also added that the prices of vehicles have been hiked to an unreasonable degree due to the ban on the import of vehicles. The petitioner suggested that the government should revoke the ban on imported vehicles to give the local players some competition.
The petitioner was of the view that the influx of imported cars would increase competition and force the local automakers to set the prices of their vehicles in a more favorable fashion. Based on that, the petitioner also wrote that the government should lift the ban on imported vehicles to give people more choice and the automakers more competition.
