Govt decides to exempt 1200 cc Hybrid Cars from all Duties

The newly formed government has decided to exempt 1200cc Hybrid cars from all duties in the budget for fiscal year 2013-14. The government is determined to give hybrid cars priority and to make their availability in Pakistan for sure.

According to budget for the fiscal year 2013-14 present by Ishaq Dar – Federal Minister for Finance, 1200 cc hybrid cars completely free from from import duty, income tax and sales tax.
Hybrid cars from 1201 to 1800 cc get a 50 % exemption Hybrid cars 1801 to 2500 cc get  a 25 % exemption

To reduce the duties on hybrid cars also linked to to tackle the growing demand of CNG and petrol in the country and the decision of the government is appreciated by the Park Japan Auto Association (PJAA).

Indus Motor Pakistan has also announced its vision to assemble hybrid cars in Pakistan and according to the official the first car will be available in the market by July 2014. Read More