Islamabad: The government is considering a substantial increase in withholding tax on new car purchases, with proposed changes affecting cars ranging from under 850 cc to 2000 cc engines, not limited to a flat increase but a percentage-based hike.
The Honda Civic, a leading sedan renowned for its style and comfort, continues to set benchmarks in sophistication and design despite fierce competition in the automotive market.
With advanced safety features and driver assistance technologies, the Civic prioritizes driver protection and convenience. Honda has consistently updated the Civic through generations, introducing the latest trims to meet evolving consumer preferences.
The Civic’s performance, driven by its i-VTEC engine, remains a standout feature. Its robust demand and quality contribute to its strong resale value, making it a preferred choice even in the pre-owned car market.
Pakistan’s auto industry faces significant challenges, including steep price hikes and declining sales. According to data from the Pakistan Automobile Manufacturers Association (PAMA), Honda has seen a sharp decline in sales. In the first half of the current fiscal year, local sales of Honda‘s four models totaled fewer than 5,000 units.
Notably, sales of popular models like the Civic and City plummeted to 3,938 units between July and December last year, marking a decline of more than 50% compared to the same period in the previous fiscal year.
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As the government mulls over tax adjustments and the auto industry navigates turbulent waters, stakeholders are closely watching developments that could impact car affordability and market dynamics in Pakistan.
Taxes on Cars in Pakistan after Budget 2024-25 approval
