Pakistan’s automobile sector, long plagued by soaring prices, may finally see relief as the federal government moves to reduce tariffs, making vehicles more affordable in the new fiscal year. The decision comes as part of a broader trade liberalization plan, reportedly guided by the International Monetary Fund (IMF). Under the new policy, the average import … Read more
The government considers raising the withholding tax on new car purchases. A proposed tax hike could significantly increase prices, impacting even budget-friendly models. The auto industry is already struggling with slow sales due to inflation. The government is contemplating a substantial rise in withholding tax on new car purchases, with proposed changes not limited to … Read more
In a surprising development, major automakers in Pakistan, including Toyota, Honda, Kia, and Suzuki, have initiated a fierce price battle, slashing the prices of several popular models. This move comes in response to recent regulatory changes and heightened market competition, aiming to lower costs for consumers. Among the notable reductions, Kia stands out by reducing … Read more
