Page 32 - Engineering Development Board News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pakistan’s new auto policy expects cheaper cars, increased production 5 hours ago Picture used for illustrative purpose. 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 per cent 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 knockdown units), th...

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 gove...

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...

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-mad...

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 ...