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Articles for tag: Govt, greenlights, Import, vehicles, years

June 21, 2025

News Desk

Govt Greenlights Import of vehicles up to 5 years

A representation image showing a large number of vehicles parked in a location. – AFP/file Additional 40% duty protection to be imposed on such vehicles. It will be limited to 50% from the previous average of 90%. Extension of the year of admission year to take effect from 1 September. Islamabad: Prime Minister Shehbaz Sharif, the government led by Sharif, has allowed the commercial introduction of old, used vehicles up to five years from today’s three -year vehicles, The news reported on Saturday. The development comes after the Senate meeting on the permanent Committee on Finance under the chairmanship of

June 10, 2025

News Desk

18% sales tax on vehicles up to 850cc proposed

Listen to the article Islamabad: The government has proposed tax increases in the 2025-26 funding bill, increasing the duties for the production, introduction and sale of a wide range of objects – the fear of market observers will only feed further inflation. According to budget proposals, the government will impose a tax on sales of 18 % on vehicles up to 850cc and imported solar panels, who had previously enjoyed various exceptions. The 0.25% withholding tax will apply to electronic products under the digital pricing system, while the 2% withholding tax is likely to be imposed on clothing markets. Electronic

May 31, 2025

News Desk

Govt considers gasoline imposition cars to promote electric vehicles

Listen to the article Islamabad: The government is considering a five -year contribution to all vehicles powered by gasoline and diesel to promote electric vehicles (EV) in the country. He also decided to create an “EV Fund” to support the development of electric transport. The EV Fund will be created to facilitate the adoption of the electric vehicle and a levy is proposed to all gasoline and diesel vehicles – both imported and locally constructed – for the next five years. If approved and implemented, this levy could generate annual revenue of 25-30 billion Rs of RS125-150 billion in general

March 19, 2025

News Desk

Vancouver Auto Show removes Tesla about security concerns

Listen to the article The international event Auto Vancouver has removed Tesla from this year’s event, reporting concerns about participants and exhibitors. The decision comes amid a wave of protests targeting the US -based electric vehicle manufacturer, mainly due to CEO Elon Musk’s narrow ties with US President Donald Trump and ongoing commercial tensions between the United States and Canada. Decision based on security concerns The BC car representatives Association, which is taking advantage of the event, said Tesla had received multiple opportunities to voluntarily retire before it was officially informed of it at 1pm. PT on Tuesday. Eric Nicholl,

January 30, 2025

News Desk

FBR stops the supply of over 1,000 vehicles in the midst of prolongation

A ruthless image of the Federal Revenue Council (FBR) building in Islamabad. – Apply/file The Senate’s financial body ordered FBR to stop supply last week. New vehicles necessary for business purposes: FBR. Senators claim that they are taking fatal threats to promote objections. After the Senate Financial and Revenue Committee raised objections to the purchase of 1,010 new vehicles, the Federal Revenue Council (FBR) temporarily stopped the procurement process for the analysis of the proposal through a government authority. In a statement on Thursday, FBR Rashid Langrial President announced that the proposal would be presented before the PPRA Regulatory Authority

January 26, 2025

News Desk

The purchase of vehicles must be for new officers’ duties, says the FBR chief in the midst of a dispute

FBB Rashid Mahmood Langrial President speaks at an event. – Screngrab/Facebook/@National Power Parks Management Company – Private Limited/File FBR will achieve tax targets for this, says the FBR chief. He says big companies contribute to Karachi’s tax collection. The financial case has decided on the federalism of the Constitution, Langrial says. Karachi: Days after the Senate Finance and Revenue Committee, which have been ordered to extract the foreseen commission, the President of the Federal Revenue Council (FBR), Rashid Langrial, said Sunday that the purchase of vehicles for new officers were necessary for business businesses. “With respect, we have given a

January 15, 2025

News Desk

It was proposed to abolish the sales tax on electric vehicles

Listen to the article Islamabad: The Commerce Department recommended lifting the cap on electric vehicle (EV) batteries for cars, trucks and sport utility vehicles (SUVs), as well as eliminating the 25% sales tax on EVs. The issue was discussed at a recent steering committee meeting focused on electric vehicle policies. During the meeting, the additional secretary of the commerce ministry suggested removing the cap on EV batteries for cars, trucks and SUVs and withdrawing the 25% sales tax on EVs worth more than Rs 4 crore. The secretary of the Ministry of Industries and Production (MoIP) has asked the Engineering

October 2, 2024

News Desk

The region with the world’s deadliest roads contains only 4% of the world’s vehicles

Police officers inspect damaged cars and a road after a suspected gas explosion in the central business district of Johannesburg, South Africa, on July 19, 2023. — Reuters A recent report by the World Health Organization (WHO) found that Africa has the highest proportion of vehicle deaths, even though it does not have as many vehicles or roads as other regions. The continent has a record ratio of 19.5 deaths per 100,000 inhabitants in 2021, making it the region with the deadliest roads in the world. At the same time, Africa is also home to only about 4% of the

September 30, 2024

News Desk

Punjab plans to ‘spend over Rs 612 million on luxury vehicles’ amid Centre’s austerity drive

People visit an auction of used cars owned by the government at the Prime Minister’s premises in Islamabad, Pakistan, September 17, 2018. — Reuters LAHORE: As the cash-strapped country struggles to cut administrative costs as part of an austerity drive, the Punjab government plans to spend over Rs 612 million on 76 luxury vehicles for Parliament secretaries and escorts for protocol duties of provincial ministers such as emerged on Monday. sources said Geo News that the additional chief secretary wrote a letter to the finance department to release funds of over Rs 612 million for the procurement of 76 luxury

September 12, 2024

News Desk

Freezing bank accounts, banning real estate, buying vehicles recommended for tax evaders

A representative image showing the FBR logo. — FBR Website/File FBR proposes penalty of Rs 1 crore for incomplete, incorrect tax returns. Recommends policy changes for incorrect tax documents. Third-party control, the use of artificial intelligence is proposed for increased transparency. ISLAMABAD: As the Prime Minister Shehbaz Sharif-led government aims to address its fiscal woes, the Federal Board of Revenue (FBR) has suggested drastic measures to avoid possible tax collection shortfalls, including freezing bank accounts and imposing a market ban real estate and vehicles for tax evaders, The News reported on Thursday. Facing a monumental tax shortfall in the first

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