The federal government has finally approved the
EV Policy for 4-Wheelers. The policy was approved during a meeting of the Economic Coordination Committee (ECC). It is pertinent to mention that the government has already approved the EV policy for 2-3 Wheelers and commercial vehicles.
During the meeting, the government said that this policy took time to be finalized due to inherent complexities. Furthermore, the long
consultative process with existing original equipment manufacturers (OEMs) was also the reason behind the delay.
In the latest policy, the government has offered
multiple incentives and relaxation on CBU, CKD, import of spare parts, toll tax and registration fee. In this article, we will highlight the
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Govt Offers Incentives to Ghee & Cooking Oil Industry For Reducing Prices
The government has offered the ghee and cooking oil industry to reduce prices of ghee and cooking oil to avail reduction in duties and taxes including abolition of 2 percent additional customs duty (ADC) and withdrawal of restriction on 100 percent input tax adjustment.
A senior official in the Ministry of Industries & Production told ProPakistani that Federal Minister for Industries & Production, Muhammad Hammad Azhar held a meeting with the ghee and cooking oil industry on Friday at the Ministry.
Muhammad Hammad Azhar stresed the need for reducing the prices of the ghee and cooking oil to provide maximum relief to the general public. However, industry gave a detailed presentation to the Minister to highlight the factors responsible behind the increase in prices of the commodity.