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ISLAMABAD: As the government is striving hard to fetch more and more taxes by expanding the tax net, it is being cheated out of billions of rupees in duty under a scam involving misuse of the facility of duty-free import of luxury vehicles by some foreign diplomats, representatives of...
KARACHI: Despite auto assemblers’ reservations regarding the National Electric Vehicle Policy (NEVP), the government has aimed at making it operational by January 2020. The federal cabinet approved NEVP on Nov 5 and the Ministry for Climate Change (MoCC) has summoned an inter-ministerial meeting on Thursday in Islamabad to discuss the same. The MoCC...
Adviser to Prime Minister on Commerce, Industry and Investment Abdul Razak Dawood has voiced hope that the setting up of a manufacturing unit of Proton cars in Pakistan will lead to a turnaround of the domestic auto industry. “Now new upcoming market players will not only enhance competitiveness in the...
KARACHI: Despite dec­re­­asing cost of imported parts on account of strengthening of the rupee and steep fall in sales during the first five months of this fiscal year, the auto assemblers on Tuesday gave car and bike buyers a fresh shock by jacking up prices. Pak Suzuki Motor Comp­any Ltd...
KARACHI: The automobile sector of Pakistan is expected to undergo a drastic transformation over the next decade as the government has approved the electric vehicle (EV) policy, paving the way for introducing such vehicles in the market of 207 million people. The policy provides multiple incentives for electric vehicle manufacturers including...
ISLAMABAD:  Although the slowdown in the auto sector has resulted in an almost 60% drop in sales, the outlook for the coming quarter seems promising, said Indus Motor Company (IMC) CEO Ali Asghar Jamali “The last five months were very tough due to rupee depreciation, reduction in car financing, increase...
KARACHI: There was no sigh of relief for the automakers even in November as car sales dived 44% on a year-on-year basis owing to high prices, which came on the back of hefty rupee depreciation and high interest rates charged by banks for auto financing. According to data released by the...
KARACHI: When you think of electric vehicles, you think of Elon Musk, a noiseless Tesla and luxury more than zero emissions. But today the government wants to use the same technology for the common man — to run bikes, rickshaws and even buses, jeeps and trucks. Will this transition...
LAHORE: In a positive development for the troubled auto sector of Pakistan, the Hyundai-Nishat joint venture rolled out its first commercial vehicle – Hyundai Porter H 100 – on Monday. Catering to the country’s light commercial vehicle market, the automobile – equipped with a 2,600cc Euro-II diesel-engine with five-speed gearbox –...
KARACHI: To give a boost to the flow of remittances into the country, the government is going to permit overseas Pakistanis duty-free import of hybrid cars of up to 3,000cc engine capacity provided that an expatriate remits a minimum of $100,000 in two years. The move is aimed at attracting offshore...

Opinion

month revenue payment targets

Missed Targets

The tax collection numbers from the last six months are in, and they make for a dismal reading. The government has missed all of...