Budget 2018-19: Government reduces taxes on automobile, home appliances
The customs duty on the import of electronics and electric cars have been reduced.
- 16% customs duty tax on electric cars charging station waived off.
- Customs duty on the import of electric cars reduced to 25% with 50% reduction.
- 15% reduction in regulatory duty on hybrid cars.
- 10% less duty on assembling kit of electric cars.
- 5% reduction in customs duty on import of raw material of LEDs.
Budget 2018-19: PML-N unveils Rs5.932 trillion ... 05:31 PM | 27 Apr, 2018
ISLAMABAD - The ruling Pakistan Muslim League-Nawaz (PML-N) became the country’s first political party to announce ...
Miftah highlighted the efforts made by the government to revive the automobile industry, which, according to him was in shambles after Pakistan Muslim League Nawaz assumed office.
The auto sector has truly benefitted in the last five years, witnessing a phenomenal increase in sales that has prompted fresh investments and expansion plans in the industry, said the Finance Minister.
Earlier, Korean players including Kia, Hyundai and SsangYong Motor Company, Germany’s Volkswagen, French carmaker Renault and Japan’s Nissan had announced that they would assemble vehicles in Pakistan.
Budget 2018-19: Imported smartphones get more ... 08:20 PM | 27 Apr, 2018
ISLAMABAD - The federal government led by Pakistan Muslim League-Nawaz (PML-N), in its sixth and final budget presented ...
Let it be known that the current year’s budget is the first one under the chair of Prime Minister Shahid Khaqan Abbasi.
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