Who is answerable to this?
Due to different tax breaks on EV imports, demand for luxury electric vehicles (EVs) is fastly increasing in Pakistan. Vehicles like the Tesla Model S, Porsche Taycan, and Audi E-Tron SUVs are becoming very common on Pakistan roads. One of the common EV Companies in Pakistan, Audi Pakistan has...
startuppakistan.com.pk
https://twitter.com/x/status/1465984996506808323
8 billion imports per month is too much. Clearly 100-200 cars does NOT get you to 8 billion imports. I don't know the exact breakdown but there is something odd about these figures.
Dollar has gone from 153 to 175 in last 6 months and yet imports have increased from $4 to $8 billion. Do you believe it can happen?
I don't know the exact answer why the imports increased so much but I think some of this import is ending up in Afghanistan.
US withdrew from Kabul on 30th August after which restrictions were placed on Taliban govt in Afghanistan.
Exchange rate on 1st Sept was 165 and avg oil price was $70.75/bbl. CAD in August was $1.5 billion.
Exchange rate on 1s Dec is 175 and avg oil price was $81/bbl. CAD in November went up to $2 billion.
Either people in Pakistan are getting rich and buying more petrol despite ever increasing oil price OR goods are being smuggled to Afghanistan. I think it is the latter and it seems to be govt policy to support taliban govt in afghanistan