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Pakistan’s new auto policy expects cheaper cars, increased production 5 hours ago Picture used for illustrative purpose. As the current Auto Development Policy (ADP 2016-21) is about to end in June this year, the government is preparing a new auto policy that will focus on facilitating the manufacturing of low-cost cars and incentivise auto exports. According to multiple industry sources, roughly 45 per cent of a car price that a buyer pays goes to the government in the form of duties and taxes. The government charges duties on imported CKDs (completely knockdown units), the auto parts used in assembling cars. The Customs duty on import of localised parts is 45 per cent. The duty on non-localised parts is 30 per cent. There is an additional 7 per cent duty on the import of parts. Federal Excise Duty on cars: 2.5 per cent on cars up to 1000cc; 5 per cent on cars between 1000cc and 2000cc; 7.5 per cent on vehicles above 2000cc; and Along with this, there is a 1

Azad kashmirBadar uz zamanWasim ayazEngineering development boardAuto developmentPakistan embassyMinistry of industriesAuto development policyAutomotive industry developmentExcise dutyDevelopment board general manager asim ayazExport planAdditional custom dutyFederal excise dutyOriginal equipment manufacturersUnited motors