KARACHI: The sales of locally assembled cars in Pakistan have surged by 50 per cent during 11 months (July – May) of 2021/2022 as compared with the same period of the last fiscal year, according to data released on Monday. The car sales climbed up to 250,888 units in first 11 months of the current […]
ISLAMABAD: Pakistan has massively increased the amount of tax on purchase of motor vehicles from July 01, 2022. The country presented its federal budget 2022/2023 on June 10, 2022 and took various taxation measures to boost revenue collection. Finance Minister Miftah Ismail while presenting the budget stated that in continuation of our policy to shift […]
ISLAMABAD: Pakistan has allowed conditional import of Completely Built Unit (CBU) motor vehicles, which have been banned through SRO 598(I)/2022. The country on May 19, 2022 banned import of luxury and non-essential items in order to save foreign exchange and support the local currency, which depreciated massively. READ MORE: Raw materials excluded from import banned […]
KARACHI: The Collectorate of Customs, Hyderabad has announced an auction of a huge lot of confiscated non duty paid (NDP) motor vehicles, which will be held on June 08, 2022. The collectorate will auction the following non duty paid motor vehicles: READ MORE: Lahore Customs to auction vehicles on May 26, 2022 01. Toyota Hiace […]
KARACHI: Honda Atlas Cars (Pakistan) Limited announced a sharp growth in profit by 40 per cent to Rs2.51 billion for the year ended March 31, 2022. According to financial results submitted to Pakistan Stock Exchange (PSX) on Thursday, the annual profit after tax of the company was Rs1.79 billion in the preceding year. The sales […]
LAHORE: The Directorate of Intelligence and Investigation (I&I) customs, Lahore announced auction of motor vehicles to be held on May 26, 2022 at State Warehouse, of the directorate, Allama Iqbal Town, Lahore. The directorate will present following vehicles for the auction: READ MORE: Gwadar Collectorate auctions motor cars on May 23 01. Toyota Camry Car, […]
State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) on Tuesday reduced the tenure for car loan to three years from five years in order to curb demand to support balance of payment and devaluation of Pakistan Rupee (PKR). The SBP issued Circular No. 19 of 2022 to amend prudential regulations related to consumer financing. READ MORE: […]
GWADAR: Collectorate of Customs (Enforcement), Gwadar has announced auction of motor cars to be held on May 23, 2022 at state warehouse godown, Gwadar. The collectorate announced auction of following motor vehicles: 01. Zamyad Pickup Model nil, Chassis No. NAZDL104TD-0068010 02. Zamyad Pickup Model nil, Chassis No. NAZPL140BJ-0501530 03. Zamyad Pickup Model nil, Chassis No. […]
KARACHI: The State Bank of Pakistan (SBP) has imposed condition for payment on import of mobile phones and motor cars. The SBP issued a circular related import goods making it mandatory for banks to take prior permission for releasing funds for import of motor cars, mobile phones and other machinery. READ MORE: SBP may raise […]
KARACHI: The sales of domestic manufactured cars have registered a growth of 50 per cent during first ten months (July – April) 2021/2022. However, auto sales plummeted by 18 per cent Month on Month (MoM) to 22,370 units during April 2022 on the following grounds; increased car prices; and increased cost of financing, analysts at […]