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The Issue of Own Money (Policy)

Author

Listed:
  • Usman Qadir

    (Senior Research Economist, Pakistan Institute of Development Economics, Islamabad.)

  • Mohammad Shaaf Najib

    (Staff Economist, Pakistan Institute of Development Economics, Islamabad.)

Abstract

Charging own money on vehicles has become a norm in Pakistan’s automobile * industry. Own is a form of premium charged by the car dealers over and above the price of the vehicle for express delivery of the vehicle. An artificial shortage, primarily due to low production numbers, allows dealers and other investors to pre-book vehicles and charge own from end buyer for immediate transfer of ownership once the demand for vehicle rises in the market. As per our estimates, in the last five years at least PKR 150-170 billion was paid as own money on cars in Pakistan, with own being charged on 80 to 90 percent of vehicles.

Suggested Citation

  • Usman Qadir & Mohammad Shaaf Najib, 2022. "The Issue of Own Money (Policy)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 61(2), pages 315-318.
    • Handle: RePEc:pid:journl:v:61:y:2022:i:2:p:315-318
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    Keywords

    Own Money;

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