Latest Breaking News On - Senior research analyst ahmed lakhani - Page 1 : vimarsana.com
Explainer: What does State Bank s new car financing restrictions mean?
samaa.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from samaa.tv Daily Mail and Mail on Sunday newspapers.
Toyota and Suzuki register record sales in Pakistan
samaa.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from samaa.tv Daily Mail and Mail on Sunday newspapers.
The government will reduce taxes and duties in the fiscal year 2021-22 on cars below 850cc engine size, which are assembled in Pakistan. This will affect the prices of Suzuki Alto, Ravi, Bolan, Prince Pearl, and United Bravo. The change in the tax regime excludes imported used cars in the category such as Mira, Wagon R, Alto, and N-One. Finance Minister Shaukat Tarin announced these details while presenting the budget on Friday. The Federal Excise Duty (FED) of 2.5% has been removed and Sales Tax has been reduced to 12.5% from 17% on cars below 850cc, also called entry-level cars. “The cars below 850cc may see a price decrease of around 5% or 6%,” said an auto sector ana.
The auto industry recorded increase in car sales in January, which increased by 46%, as compared to sales in January 2020. The total units sold during the month stood at 17,515 units. January was the sixth consecutive month when the industry showed growth in double digits, according to a JS Research report. During the first seven months of fiscal year 2021 (July to January), the industry reported 23% increase in sales as compared to the same period of the previous year. The industry has sold 97,469 units so far during the ongoing fiscal year. Related: The top five selling cars in Pakistan Pak Suzuki was the top selling company with 62% year on year growth in January. Hatchbac.
vimarsana © 2020. All Rights Reserved.