• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
Sunday, August 14, 2022
INCPak
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
INCPak
No Result
View All Result

Govt announces reduced taxes for cars under 850cc in Budget 2021-22

by Ali Gulrez
Jun 25, 2021
in Automotive
0

The Federal Government has announced reduced taxes for cars under 850cc in the Annual Budget 2021-22, which will hopefully lead to a reduced prices of these vehicles.

Taxes Cars 850cc
Govt announces reduced taxes for cars under 850cc in Budget 2021-22.

Speaking at the National Assembly, the Federal Minister Shaukat Tareen said that the 2.5% Federal Excise Duty (FED) will no longer be charged on locally assembled cars under 850cc while the sales tax on these vehicles have also reduced to 12.5% from the earlier 17%.

Pak Suzuki Motor Company, Regal Motors (Prince Automobiles) and United Motors are currently the only three companies in the country that are assembling vehicles with an engine capacity of 850cc or less, which means that the new Budget 2021-22 will lead to reduction in prices of these vehicles by Rs. 120,000.

It means that prices of Suzuki Alto, Prince Pearl and United Bravo, which are the only three cars under 850cc being assembled in the country will be reduced after tax reduction on these vehicles as per the Budget 2021-22.

New Auto Policy

It is pertinent to mention that the new auto policy which was presented earlier, the government aims to reduce car prices to enable middle class of the country to buy them while encouraging local assembly and production along with export of vehicles.

The new auto policy will have significant impact on localization of parts, productivity and revenue collection, which will benefit all stakeholders involved, which includes the customer, manufacturer and government.

It bears mentioning that the Automotive Development Policy (2016-2021) will also expire at the end of this month. This policy has lead to new companies entering the local automotive industry leading to increased competition in the sector.

Meanwhile, the government is focusing on electric vehicles and there are massive tax relaxations proposed in the Budget 2021-22 in order to support entrance of EV in Pakistan.

Read more: Expected 6th Gen Honda City 2021 Price in Pakistan.

Follow INCPAK on Facebook / Twitter / Instagram for updates.

Tags: Budget 2021-22Reduced TaxesReduced Taxes Cars 850ccReduced Taxes VehiclesTax Reduction
ShareTweetSend

Related Posts

Honda HR-V in Pakistan, Honda HR-V
Automotive

When is Honda Atlas Launching HR-V in Pakistan?

Aug 12, 2022
Car Sales in Pakistan, Car Sales in Pakistan July 2022, Suzuki, Hyundai, Toyota
Automotive

Car Sales in Pakistan Witness a Significant Drop in July 2022

Aug 12, 2022
Toyota Yaris 2023, New Toyota Yaris 2023, New Toyota Yaris
Automotive

All New Toyota Yaris 2023 Revealed [Images]

Aug 12, 2022
Honda CB 125F 2022, Honda CB 125F 2022 Price in Pakistan, Honda CB 125F 2022 Limited Edition, Honda CB 125F 2022 Limited Edition Price in Pakistan, Honda CB 125F 2022 Price
Automotive

Honda CB 125F 2022 Limited Edition Model Launched in Pakistan

Aug 7, 2022
Proton Saga Price in Pakistan, Proton Saga Price, Proton X70 Price in Pakistan, Proton X70 Price
Automotive

Proton Saga & X70 Price in Pakistan Increased [August 2022]

Aug 4, 2022
Peugeot 2008 Price in Pakistan, Peugeot 2008 Price, Peugeot 2008 Active Price in Pakistan, Peugeot 2008 Allure Price in Pakistan
Automotive

Peugeot 2008 Price in Pakistan Hiked As Discount Offer Ends

Aug 3, 2022
Changan Car Prices, Changan Alsvin Price in Pakistan, Changan Alsvin Price, Changan Oshan X7 Price in Pakistan, Oshan X7 Price, Changan X7 Price, Changan Karvaan Price in Pakistan, Changan M9 Price in Pakistan
Automotive

Latest Changan Car Prices in Pakistan [August 2022]

Aug 2, 2022
Haval H6 Price in Pakistan, Haval H6 Price
Automotive

Haval H6 Price in Pakistan Increased [August 2022]

Aug 2, 2022
Suzuki Bike Prices in Pakistan, Suzuki Bike Prices, Suzuki Motorcycle Prices, Suzuki Motorcycle Prices in Pakistan, Suzuki Motorbike Prices
Automotive

Pak Suzuki Bike Prices in Pakistan Increased From 1 August 2022

Aug 2, 2022
Load More
Next Post
Electric Vehicles Tax, Electric Vehicles, EV Tax, EV, Budget 2021-22

Electric Vehicles Get Massive Tax Reduction in Budget 2021-22

Bhuvan Bam

Bhuvan Bam loses his parents to COVID-19

Gold Rate in Pakistan, Gold Rate Pakistan, Gold Price in Pakistan, Gold Price Pakistan, Gold Rate in Pakistan Today, Gold Price in Pakistan Today, Gold Rate, Gold Price

Gold Rate in Pakistan Today - 14 June 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

INCPak Discover YouTube Channel

INCPAK Discover

Latest

  • Redmi Launches K50 Ultra – First Phone With Snapdragon 8+ Gen 1 Chipset
  • Ertugrul Star Cengiz Coskun Ties The Knot
  • Azadi Offer: PIA Announces 14% Discount on Independence Day
  • More Intermediate Exams Postponed in Karachi Due to Rain
  • Swat Valley Update – DPR Khyber Pakhtunkhwa Police Press Release
  • Meezan Bank Becomes Most Profitable Bank
  • Gold Rate in Pakistan Today – 13 August 2022
  • Govt Cancels NOC of ARY News
  • When is Honda Atlas Launching HR-V in Pakistan?

Follow us on Twitter

INCPAK Twitter

Follow us on Instagram

Qries

USD to PKR Rates

Qries

INCPak Official logo

INCPak Official Logo

Trending

  • Petrol Prices in Pakistan
  • USD to PKR Rates
  • MTMIS – Online Vehicle Verification
  • Ehsaas Program
  • Punjab Rozgar Scheme
  • Naya Pakistan Housing Program
  • Mera Pakistan Mera Ghar Loan

Site Links

  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact

All rights reserved © 2022 INCPak - Independent News Coverage Pakistan - (Digital News Portal)

No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

All rights reserved © 2022 INCPak - Independent News Coverage Pakistan - (Digital News Portal)