In a bid to facilitate the plenty, the federal government on Friday launched ‘Meri Gari Scheme’.
Addressing the Nationwide Meeting funds session, Minister for Finance Shaukat Tarin mentioned that the federal government has abolished customs and regulatory duties on autos as much as 850cc below the scheme.
Model new autos as much as 800cc have additionally been exempted from the advance customs responsibility, the finance minister added.
He maintained that the federal government has slashed gross sales tax on domestically manufactured vehicles from 17% to 12.5%. The federal government has additionally exempted Federal Excise Obligation (FED) on 850cc vehicles, he mentioned, including that they are going to slash responsibility on electrical vehicles.