Karachi, August 10, 2023 – The Collectorate of Customs in Hyderabad has announced an auction of a large quantity of non-duty paid (NDP) motor vehicles scheduled for August 11, 2023.
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FBR Introduces 200% Higher Tax Rates for Non-ATL Motor Vehicle Registration in FY 2023-24
In a move aimed at broadening the tax net and encouraging tax compliance, the Federal Board of Revenue (FBR) has announced a substantial 200 percent increase in tax rates for individuals not appearing on the Active Taxpayers List (ATL) at the time of motor vehicle registration during the fiscal year 2023-24.
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Car Insurance Coverage in Pakistan at Just 3%: SECP Study Exposes Low Protection
Islamabad, August 1, 2023 – Car insurance coverage in Pakistan is shockingly low at a mere three percent, lagging far behind other major regional economies, according to a recent study conducted by the Securities and Exchange Commission of Pakistan (SECP).
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Zero Markup Instalment Plan for Honda CD70
Bank Alfalah is providing an exclusive opportunity to buy Honda motorcycles on a convenient instalment plan with zero markup, valid for a maximum duration of six months. This offer is applicable only to the purchase of Honda CD 70 and Honda CG 125 models.
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Price, Specs of US-150cc in Pakistan
US-150cc is locally manufactured by United Motorcycles in Pakistan. This sleek and stylish two-wheeler not only catches the eye but also delivers an impressive performance with its powerful engine.
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Sindh to Introduce Security Featured Vehicle Registration Smart Card
Karachi – The Sindh government has announced its plans to launch a security featured vehicle registration smart card as part of its efforts to enhance security measures in vehicle registration.
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Auto Assemblers Reject Proposed Withholding Tax on Invoice Prices
Karachi, June 3, 2023 – Local auto assemblers have strongly opposed a budget proposal for the fiscal year 2023-24 that suggests levying the Withholding Tax (WHT) based on invoice prices of motor vehicles instead of engine capacity. Industry representatives argue that this change could further distress an already struggling auto sector, leading to a decline in sales.
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Ghandhara Tyre to recommence operation from April 05
The Ghandhara Tyre and Rubber Company has announced that its plant will commence operations starting from April 5th, 2023.
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Peshawar Customs Enforcement to auction old, used motor vehicles on Feb 09
ISLAMABAD: Collectorate of Customs (Enforcement), Peshawar to conduct auction of old and used motor vehicles on February 09, 2023.
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Tax collection from new car registration surges 67pc to Rs19 billion: FBR
ISLAMABAD: Federal Board of Revenue (FBR) has said that income tax collection from new car registration surged by 67 per cent in fiscal year 2021-2022.
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