Car imports fall by 61pc in eleven months

KARACHI: The import of used and old cars witnessed sharp decline of 61 percent during first eleven months (July-May) of current fiscal year due to condition of payment of duty and taxes... Read more »

Car sales plunge by 75 percent in May

KARACHI: The sales of locally manufactured cars have posted a massive decline of 75 percent in May 2020 due to closure of business operations of all major car assemblers during the month.... Read more »

Customs auction of vehicles to be held on June 04 at ASO Headquarter

KARACHI: Pakistan Customs has announced auction of used vehicles to be held on June 04, 2020 at Anti-Smuggling Organization (ASO), East Wharf, Karachi. Following vehicles will be presented for the auction: 01.... Read more »

Honda Cars declares 82 percent decline in annual profit

KARACHI: Honda Atlas Cars (Pakistan) Limited has posted 82 percent decline in annual profit for the period ended March 31, 2020, said a notification on Tuesday. The car manufacturing company declared Rs682... Read more »

SRB urged to allow normal tax for car dealers

KARACHI: Sindh Revenue Board (SRB) has been urged to bring authorized dealers of car manufacturers into normal tax regime. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget... Read more »

Auto parts, motorcycles should be excluded from retail price printing condition

KARACHI: Federal Board of Revenue (FBR) has been urged to exclude auto spare parts and motorcycles from the requirement of printing of retail price. Karachi Chamber of Commerce and Industry (KCCI) in... Read more »

FPCCI proposes duty free import of used cars for subsequent export

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed duty free import of used cars and their subsequent export after repair. The apex trade body in its proposals for... Read more »

Car manufacturers resume operation as lockdown eases

KARACHI: Automobile industry has resumed manufacturing and administrative operations after the government eased lockdown. Honda Atlas and Indus Motors on Tuesday informed Pakistan Stock Exchange (PSX) about resumption of their manufacturing operations.... Read more »

Motor vehicle tax collection plummets by 15 percent to Rs16.73 billion

ISLAMABAD: The collection of motor vehicle tax has registered 15 percent decline during first nine months of current fiscal year, according to data released by the ministry of finance. According to fiscal... Read more »

Car import registers 148 percent growth amid coronavirus pandemic

KARACHI: Import of motor vehicles in completely built-up unit (CBU) condition registered phenomenal growth of 148 percent in April 2020 despite restrictions to foreign trade owing to lockdown for preventing coronavirus pandemic.... Read more »