Page 3 - Auto Development Policy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A representative image. KARACHI: Government’s previous auto policy – Auto Development Policy 2016-21 – brought many new...

For Alto 660cc, the new price is expected to stand at Rs1,093,542 after deduction in duties

ISLAMABAD: The government is considering different proposals to slash down Additional Customs Duty and Regulatory Duty on different brands of cars and other vehicles under the upcoming Auto...

The government has showered auto assemblers with a number of incentives like a cut in the Federal Excise Duty (FED) by 2.5 per cent, additional customs duty (ACD) from 7pc to 2pc and general sales tax (GST) to 12.5pc from 17pc on cars up to 1,000cc. Consumers have recently witnessed price cuts of Rs11,000-400,000 on different engine power vehicles. Industry people believe that the cut in duties and taxes in Budget 2021-22 is an integral part of the new Auto Development Policy 2021-2026 and some more relief measures are on the cards when the new auto policy will be unveiled.

KARACHI: South Korean tech giant Samsung has been in talks with three investors for setting up a mobile manufacturing unit in Pakistan. Sources said out of three parties, one has a franchise from Korea which has already set up vehicle assembling plants in Pakistan under Auto Development Policy (ADP) 2016-21, while other two are different parties. They said so far no agreement has been signed as Samsung, after short listing various companies, is in the process of finalising its plan to award the licence to one of the companies for cellphone manufacturing. The world’s biggest smartphone maker...