Good news for Pakistanis, possibility of discount in automobile charges.

In the new budget, there may be an opportunity of reduction in car fees beneath government measures.

Reduce tax on vehicles

According to the details, inside the price range 2022-23, a proposal to reduce tax on vehicles is under attention, which is in all likelihood to reduce the charge of cars to a point.

Budget 2022-23 is considering reduction of Federal Excise Duty and Additional Customs Duty on motors. A suggestion to reduce Federal Excise Duty on cars by means of 2.Five% and Additional Customs Duty by way of 2% is underneath consideration

Automobile manufacturers

On the opposite hand, automobile manufacturers and assemblers have raised prices even before the budget. Expensive greenbacks, increase in raw cloth prices and freight expenses were blamed for the rise in vehicle expenses.