Punjab Introduces New Policy for Imported Vehicles

Punjab has introduced a new policy for the registration and transfer of imported vehicles, requiring owners to wait one year before transferring their vehicles to another person.

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Under the new policy, an imported vehicle will initially be registered only in the name of the person who imported it. The owner must complete one year from the date of registration before transferring the vehicle to another buyer. Punjab Temporarily Suspends Driving License Services.

Previously, vehicles imported under the personal, gift and residence categories could be transferred to a new buyer immediately after registration. The new policy has concluded that practice.

Notably, the Excise Department has additionally introduced a system check to enforce the new requirement. The system will block ownership transfers until the vehicle completes the mandatory one-year period. Honda Discontinues BR-V as Chinese Competition Grows in Pakistan.

Authorities stated imported vehicles account for an average of 20% of all vehicle registrations throughout Punjab. They continued that the new policy could result in a significant decline in the department's revenue. Stay Connected with ProPakistani.

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