For the first time, imports of heavy vehicles have reached a historic high in the country as buses and trucks recording a sharp increase during the current fiscal year.
Analysists describe this huge surge in imports of heavy vehicles because of lower interest rates and incentives on the part of government to boost this sector. As per data released by the State Bank of Pakistan (SBP), imports of buses and trucks stood at $262.4 million during the first 11 months of fiscal year 2025-26, marking the highest level in the country’s history.
The data showed that imports of buses and trucks during the same period of fiscal year 2024-25 were recorded at $57.8 million, reflecting a significant year-on-year increase. The State Bank data revealed that heavy transport imports were mainly recorded in the form of completely built units (CBUs).
Analysts attributed the surge in transport imports to lower interest rates and government incentives, which encouraged businesses and transport operators to expand their fleets through imported vehicles. This move is being termed to boost imports further.
At the same time, government support measures for the transport and logistics sector, along with a gradual recovery in economic activity, have further strengthened demand.
The expansion of industrial production, increased construction activity, rising freight movement, and growing inter-provincial trade have also fueled the need for modern heavy-duty transport. In response, many transport companies have accelerated fleet replacement, retiring older vehicles in favor of newly imported buses and trucks.
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