Sep 8

PM praises investment of Toyota Motors

ISLAMABAD: Prime Minister Imran Khan on Wednesday praised Toyota Motors for investing $100 million for locally production of hybrid electric vehicles. A delegation of Toyota Indus Motors Company Pakistan called on Prime Minister Imran Khan. The meeting was attended by Vice Chairman Shinji Yanagi and Chief Executive Officer (CEO) Ali Asghar Jamali. The meeting was […]

by Faisal Shah

4×4 electric motor vehicles allowed duty, tax concessions

Feb 16

Taxation

4×4 electric motor vehicles allowed duty, tax concessions

ISLAMABAD: The recently promulgated Tax Laws (Amendment) Ordinance, 2021 has granted concessions to 4×4 electric motor vehicles on import of units in both Completely Built Up (CBU) and Completely Knocked Down (CKD) conditions. The federal cabinet recently allowed duty and tax concessions to 4×4 electric vehicles. Earlier the concession was available to two-wheelers and three-wheelers […]

by Anjum Shah

Import of heavy electric vehicles allowed at 1 percent customs duty

Jul 19

Pakistan Customs

Import of heavy electric vehicles allowed at 1 percent customs duty

ISLAMABAD: Federal Board of Revenue (FBR) has allowed import of heavy electric vehicles at one percent customs duty. Through Finance Act, 2020 the duty at one percent has been made part of Customs Act, 1969. According to the Finance Act, 2020 the imports of electric buses, electric trucks and electric prime movers have been allowed […]

by Anjum Shah

Locally manufactured two-, three electric wheelers proposed 1pc sales tax for seven years

Dec 1

Automotive

Locally manufactured two-, three electric wheelers proposed 1pc sales tax for seven years

ISLAMABAD: All two and three wheelers manufactured under Electric Vehicle Policy will sold at less than one percent sales tax for next seven years to bring the purchase price of EVs down, according to the policy. However, all two and three-wheeler EV’s imported shall be sold at one percent sales tax for the next five […]

by Anjum Shah

Electric vehicles to reduce 60pc fuel cost: Amin Aslam

Nov 28

Automotive

Electric vehicles to reduce 60pc fuel cost: Amin Aslam

KARACHI: The use of electric vehicles will reduce fuel cost by 60 percent and it will also resolve environmental issues caused by pollution, Malik Amin Aslam, Advisor to Prime Minister for Climate Change, said on Thursday. Addressing at a press conference, Amin Aslam said that the government had approved first ever Electric Vehicle Policy and […]

by Anjum Shah

Electric vehicles to help in saving $2 billion oil import payment: adviser

Nov 21

Automotive

Electric vehicles to help in saving $2 billion oil import payment: adviser

ISLAMABAD: The launch of electric vehicles in the country will help the country to save around $2 billion foreign exchange, which is spend on annually on oil import, Malik Amin Aslam, Prime Minister’s Adviser on Climate Change, said on Thursday. Besides, adopting electric vehicle, the consumers could save over 30 percent cost of vehicle maintenance, […]

by Anjum Shah