Car import climbs up by 185 percent in July – October

ISLAMABAD: The import of motor cars has climbed up by 185 percent during first four months (July – October) of current fiscal year 2020/2021 after ease in coronavirus lockdown. The import of... Read more »

Motor vehicle tax rates for Tax Year 2021

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of income tax on motor vehicles used for passenger and goods transportation. The income tax rate shall apply during tax year 2021 (July... Read more »

Car import climbs up by 167 percent in first quarter

ISLAMABAD: The import of motor cars has surged by 167 percent during first quarter of current fiscal year owing to after ease in coronavirus lockdown globally. The import of Completely Built Units... Read more »

Car sales increase by 8 percent in first quarter

KARACHI: The sales of locally manufactured cars have registered an 8 percent increase in the first quarter (July – September) 2020/2021 in Year on Year (YoY) basis due to restoration of economic... Read more »

Tax to apply on sale of used cars only on value addition: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Saturday said that sales tax is applicable at 17 percent on sale of used cars only on value addition. Clarifying news reports regarding levying of... Read more »

Policy to import used/old cars under various schemes unveiled

ISLAMABAD: The ministry of commerce has unveiled the policy to import new and old/used cars under Import Policy Order, 2020. The ministry issued SRO 902(I)/2020 dated September 25, 2020 to notify the... Read more »

Car import surges by 180 percent

KARACHI: The import of motor cars has increased by 180 percent during first two months of current fiscal year due to normalization of life after lifting of corona lockdown. The import of... Read more »

Car sales climb up by 16pc in August

KARACHI: The sales of locally manufactured cars have recorded 16 percent increase to 11,678 units in August 2020 as compared with 10,102 units in the same month of the last year. According... Read more »

Pak Suzuki declares half year loss of Rs2.46 billion

KARACHI: Pak Suzuki Motor Company Limited has declared loss of Rs2.46 billion for the half year (January – June) 2020, according to financial results submitted to Pakistan Stock Exchange (PSX) on Wednesday.... Read more »

TPL, Pak Suzuki sign agreement for auto insurance

KARACHI: TPL Insurance, Pakistan’s first Direct Insurance Company, has signed a Memorandum of Understanding (MoU) with Pak Suzuki, the country’s largest car manufacturing company to provide services of auto insurance. A statement... Read more »