New tax rates effective from July 1 increase annual levies on heavy transport vehicles and raise ad valorem taxes for higher-engine-capacity private vehicles.
(more…)Tag: motor vehicle tax
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Pakistan Imposes FED on Luxury EVs Above Rs20 Million, Raises Duty on Large Vehicles
Budget 2026–27 introduces new taxes on high-end imports while extending relief for local EV assembly
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Motor vehicle tax collection in Pakistan jumps 58% in 9MFY25
Islamabad, May 11, 2025 – Pakistan has witnessed a significant surge in motor vehicle tax collection, which soared by 58% during the first nine months (July–March) of the ongoing fiscal year 2024-25, according to official data released by the Ministry of Finance.
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Punjab Leads Motor Vehicle Tax Collection for Half-Year FY25
Islamabad, February 16, 2025 – The province of Punjab has emerged as the leader in motor vehicle tax collection among all provinces in Pakistan during the first half of the fiscal year 2024-25.
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Motor Vehicle Tax Collection Sees 54% Increase in 1QFY25
Karachi, November 15, 2024 – Pakistan has seen a significant surge in motor vehicle tax collection, with a 54% increase in the first quarter (July – September) of the fiscal year 2024-25. According to recent data released by the federal finance ministry, the total collection for this period reached Rs 13.82 billion, up from Rs 8.98 billion in the same quarter of the previous fiscal year.
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Motor Vehicle Tax Rates Updated by Sindh Finance Act 2024
Karachi, July 3, 2024 – The Sindh government has issued updated motor vehicle tax rates under the Sindh Finance Act, 2024. These new rates, applicable from July 1, 2024, aim to standardize the tax regime for both imported and locally manufactured vehicles, reflecting the government’s strategy to balance revenue generation with promoting local automotive industries.
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Motor Vehicle Tax Collections Reach Rs 25 Billion in 9MFY24
Islamabad, May 5, 2024 – Pakistan has seen a modest rise in motor vehicle tax collections, reaching Rs 25 billion during the first nine months of fiscal year 2023-24, according to the latest data released by the federal finance ministry.
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Pakistan Collects Rs 16 Billion in Motor Vehicle Tax in 1HFY24
Karachi, February 1, 2024 – Pakistan’s motor vehicle tax collections have reached a noteworthy Rs 16 billion during the first half (July – December) of the fiscal year 2023-24, as revealed by official data released by the federal finance ministry.
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Pakistan Collects Rs 8.98 Billion in Motor Vehicle Tax in 1QFY24
Karachi, November 4, 2023 – Pakistan has successfully collected a substantial amount of Rs 8.98 billion in motor vehicle tax during the first quarter of the fiscal year 2023-24 (July to September).
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Punjab Leads in Motor Vehicle Tax Collection in FY23: Official Stats
Karachi, August 19, 2023 – Punjab has emerged as the frontrunner in the collection of motor vehicle tax for the fiscal year 2022-23, as per recent official statistics released by the federal finance ministry of Pakistan.
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