Vehicles adequate for five yrs. imported

Motor vehicles adequate for the next five years had already been imported when an importation restriction was imposed, latest reports by the Department of Motor Vehicles, Central Bank and the Finance Ministry show.

According to one of the reports compiled by a team of economists, the annual requirement of motor vehicles is 45,000.

But, the country has imported 234,000 vehicles.

They include 24,276 dual vehicles, which has an annual requirement of 4,000 only.

The report also says 168,419 three wheelers have been imported, whereas the requirement is 20,000 a year.

Although the country needs 300,000 motor cycles a year, 943,920 motor cycles have been imported.

The report adds that these vehicle importations could lead to a severe foreign exchange crisis.