BY Faizaan Qayyum
A recent piece I wrote on the transactions ban on non-filers and its impact on car buyers, as well as on the housing market, generated a series of interesting responses.
Some of us would like non-filers to be kept away from the privilege of owning a car, while others pointed out the exploitative state of our local automobile industry.
That the automobile sector in Pakistan is a sham is no secret. Our cars are poorly built, lack critical safety features and are relatively more expensive than comparable models around the world.
We are not conducting any research and development on new automobile technologies in Pakistan and, in fact, some of our cars are decades old even if assembled last month.