Pakistan’s new auto policy: Expect cheaper cars, increased production
Country to produce mobile phones too SAMAA | Shakeel Ahmed - Posted: May 11, 2021 | Last Updated: 3 days ago SAMAA | Shakeel Ahmed Posted: May 11, 2021 | Last Updated: 3 days ago
As the current Auto Development Policy (ADP 2016-21) is
about to end in June this year, the government is preparing a new auto policy
that will focus on facilitating the manufacturing of low-cost cars and
incentivise auto exports.
According to multiple industry sources, roughly
45% of a car price that a buyer pays goes to the government in the form of
duties and taxes. The government charges duties on imported CKDs (completely
Supreme Court orders revival of PSM oxygen plant
The Supreme Court was informed on Wednesday that the federal government was seriously considering reviving the dormant oxygen generation plant of Pakistan Steel Mills (PSM) that could meet the oxygen needs of the entire country in the wake of the Covid-19 pandemic, but an amount of about Rs1 billion was needed to make the plant functional.
The French-made PSM’s oxygen plant that is 30 to 40 years old could be made functional subject to availability of necessary equipment and parts, Additional Attorney General (AAG) Sohail Mahmood told a three-judge SC bench that had taken up a suo motu case relating to the preventive measures taken by the federal and provincial governments to curb the spike in coronavirus cases.
Chief Justice Gulzar Ahmed, who was heading the bench, wondered why the plant was not being utilised even though it was capable of meeting the oxygen requirements of the entire country. Photo courtesy Supreme Court Website/File
ISLAMABAD: The Supreme Court was informed on Wednesday that the federal government was seriously considering reviving the dormant oxygen generation plant of Pakistan Steel Mills (PSM) that could meet the oxygen needs of the entire country in the wake of the Covid-19 pandemic, but an amount of about Rs1 billion was needed to make the plant functional.
The French-made PSM’s oxygen plant that is 30 to 40 years old could be made functional subject to availability of necessary equipment and parts, Additional Attorney General (AAG) Sohail Mahmood told a three-judge SC bench that had taken up a suo motu case relating to the preventive measures taken by the federal and provincial governments to curb the spike in coronavirus cases.
FBR Raises Customs of MG Vehicles by 14.5 Percent
In a significant development, the Federal Board of Revenue (FBR) has reportedly bumped up the assessable customs value of the MG SUVs by 14.5 percent over the weekend by means of a ‘Fall Back Method’ as provided under Section 25(9) of the Customs Act, 1969. After the hike, the customs value of the vehicles has gone from $11,632 per unit to $13,314 per unit.
Pakistan’s JW SEZ (Pvt.) Ltd. has reportedly become the subject of an audit once again because of the alleged under-invoicing of the imported units of the MG HS that were supplied to the Pakistan auto-company by SAIC Motor of China. As per the findings of the initial audit process, the maximum unit prices of the MG CBU vehicles were reportedly around $22,000.
Coronavirus: Experts to visit Pakistan Steel Mills oxygen production plant today
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A team of experts will visit the Pakistan Steel Mills today to assess the situation.
The technical committee include representatives from the Engineering Development Board and the Pakistan Army.
Raza Rabbani has demanded the government reactivate the PSM oxygen plant.
ISLAMABAD: Amid concerns over possible oxygen shortage in the country due to the COVID-19 surge, the Ministry of Industries and Production has decided to assess the gas production plant at the Pakistan Steel Mills (PSM) and see whether it can be revived to meet the demand.
According to