Islamabad: The federal government is weighing a substantial increase in withholding tax on new car purchases, contemplating changes that could involve a percentage-based hike impacting cars ranging from under 850 cc to 2000 cc engines rather than a flat increase.

The Honda City remains a top contender in the market, celebrated for its blend of reliability, comfort, and performance. The latest iteration of the Honda City features sleek body lines, keyless entry, push-button start, and a host of modern enhancements.

Equipped with automated temperature control, a feature-rich steering wheel, advanced LED headlights, LED taillights, and the latest multimedia system, the Honda City delivers a contemporary driving experience.

Powered by a water-cooled 4-stroke SOHC i-VTEC engine, the Honda City balances power and fuel efficiency, making it suitable for both city driving and long-distance journeys.

Pakistan’s auto industry confronts significant challenges, including soaring car prices and a pronounced downturn in sales. According to data from the Pakistan Automobile Manufacturers Association (PAMA), Honda has witnessed a decline in sales. In the first half of this fiscal year, local sales of Honda’s four models amounted to 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 decrease of over 50% compared to the same period in the previous fiscal year.

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As the federal government deliberates on potential tax adjustments and the auto sector navigates turbulent conditions, industry observers are closely monitoring developments that could impact car affordability and market dynamics across Pakistan.

Revised Withholding Taxes on Honda City 2024

Taxes on Cars in Pakistan after Budget 2024-25 Approval