In the first PML-N government, Yellow cab scheme was introduced for the unemployed youth and Rs 50 billion was borrowed from banks to run the scheme. Thousands of vehicles including luxury cars were also imported and later were exported to earn profit. More vehicles were given to political activists. The loan, which was obtained for the scheme resulted in the default of Allied Bank and Habib Bank and public money was used to save the banks.
Cut in customs duties also affected the economy. Local auto industry also suffered due to the imported vehicles and no investment was made in this sector during the next 5-years.
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