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MG HS price increased by Rs4.6lac in Pakistan after new taxes; Check new rates

11:56 AM | 4 Jul, 2024
MG HS price increased by Rs4.6lac in Pakistan after new taxes; Check new rates
Source: File Photo

MG HS prices saw massive increase after government of Pakistan slapped new withholding tax on vehicles.

The recent fiscal measures aim to bolster revenue, with changes including recalculating registration charges based on vehicle invoice prices rather than engine capacity.   

MG HS New Price in Pakistan

The base model of the MG HS is now priced at Rs 8.26 million while top of line 2.0 price stands at Rs9.48 million.

MG HS Variant Previous Price (Rs.) Withholding Tax (2%) New Price (Rs.)
MG HS Essence 8,099,000 161,980 8,260,980
MG HS 2.0L 9,299,000 185,980 9,484,950
MG HS Excite 7,199,000 143,980 7,342,980

MG Pakistan responded to these developments by announcing increased prices for the MG HS.

The government also removed 50pc discount on hybrid electric vehicles (HEVs), requiring full 100% customs duty for HEV owners without exemption. 

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pak Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 6 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 6, 2024 (Saturday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.65 for buying and 280.65 for selling on last day of the week.

Euro's buying rate moves up to 294.3 and selling rate is 297.8 while British Pound rate is 350.5 for buying, and 353.5 for selling.

UAE Dirham AED was at 75.05 and Saudi Riyal increased to 73.40.

Currency Symbol Buying Selling
US Dollar USD 277.65 280.65
Euro EUR 294.30 297.80
UK Pound Sterling GBP 350.50 353.50
U.A.E Dirham AED 75.05 75.85
Saudi Riyal SAR 73.40 74.20
Australian Dollar AUD 182.25 184
Bahrain Dinar BHD 740.12 748.12
Canadian Dollar CAD 202.9 204.9
China Yuan CNY 38.25 38.65
Danish Krone DKK 40.03 40.43
Hong Kong Dollar HKD 35.6 35.95
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 907.61 916.61
Malaysian Ringgit MYR 58.89 59.69
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.34 77.04
Singapore Dollar SGD 202.15 204.15
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 309.11 311.61
Thai Bhat THB 7.57 7.72

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