Islamabad December 31 2021: In 39th Session held on Thursday December 30, 2021, the National Assembly passed the amendments in finance bill and increased the sales tax and federal excise duty (FED) on cars.
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Toyota Car prices To Be Hiked By Up to PKR 2.3 lacs After Mini Budget
Amendments related to FED on cares related to Honda Atlas Cars are as follows;
• FED increased on CBUs from 5.0 percent to 10.0 percent on 1,001cc to 1,799cc
• FED increased on CBUs from 25.0 percent to 30.0 percent on 1,800cc to 3,000cc
• FED increased on CBUs from 30.0 percent to 40.0 percent on 3,000cc and above
• FED increased on locally assembled vehicles from 2.5 percent to 5.0 percent on 1,001cc to 2,000cc
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Pak Suzuki Prices to go up by PKR 76,000 to PKR 81,000 If Mini Budget Get Parliament Nod
After imposition of new FED, the prices of 1.2 Honda City are expected to increase by PKR 66,000 to PKR 75,000. The prices of 1.5 Honda City Aspire are expected to increase by PKR 78,000 to PKR 82,000 due to rise on FED. The prices of 1.5 Honda BRV and 1.8 Honda Civic expected to PKR 87,000 and PKR 104,000 will be higher due to rise in FED (increased from 2.5 percent to 5.0 percent).
