Karachi, February 11, 2025 – The Federal Board of Revenue (FBR) has revised the valuation method for used vehicles concerning the calculation of sales tax.
Karachi, January 26, 2025 – Pakistan has witnessed a significant 15% increase in car imports during the first half (July–December) of the fiscal year 2024-25, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
Karachi, December 2, 2024 – The Federal Board of Revenue (FBR) has introduced significant amendments to the rules governing the temporary import of vehicles by tourists into Pakistan. These changes, formalized through SRO 1965(I)/2024 on November 27, 2024, modify Rule 77 of the Customs Rules, 2001, with stricter conditions and streamlined processes.
Islamabad, August 9, 2024 – The Excise & Taxation (E&T) department of Islamabad has introduced significant changes to vehicle registration and number plate regulations, imposing new fees and penalties for non-compliance. These updates are expected to impact a large number of vehicle owners in the Federal Capital.
The import of motor cars into Pakistan witnessed an extraordinary surge of 420% year on year (YoY) in May 2024, according to official data released recently.
PkRevenue.com – Pakistan’s upcoming budget for the 2024-25 fiscal year may bring revisions to duty and tax structures for motor vehicles, according to analysts at Insight Research.
Sindh Provincial Minister Sharjeel Memon, has announced plans to deny unregistered vehicles access to the province’s roads.
Beijing, China – In a significant boost to the automotive sector, China’s used vehicle sales surged by 14.68 percent year-on-year in April 2024, according to industry data released by the China Automobile Dealers Association (CADA).
Four major domestic and foreign car manufacturers in South Korea have announced voluntary recalls for approximately 11,160 vehicles due to manufacturing defects, as confirmed by the country’s transport ministry on Thursday.
Karachi, December 6, 2023 – The Collectorate of Customs Enforcement in Karachi has announced an upcoming auction of old and used cars scheduled for December 13, 2023.