NA panel discusses two, three-wheel manufacturers issues tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Delivery delays have become a common trait among automakers and a matter of great bother for car buyers all across Pakistan. The Government has finally
Car companies to be penalised on delayed order deliveries
Govt wants to discourage own money SAMAA | Shakeel Ahmed - Posted: May 31, 2021 | Last Updated: 5 hours ago SAMAA | Shakeel Ahmed Posted: May 31, 2021 | Last Updated: 5 hours ago
Photo: AFP
Car companies will now be slapped with penalties if they fail to make deliveries within 60 days of booking an order. The decision will be finalised in the upcoming budget with the new clause to be applicable from July. Â
The National Assembly Standing Committee on Industries and Production, chaired by Sajid Turi, decided Monday to impose a fine of 3% plus Kibor (Karachi Interbank Exchange Rate) on car companies that delay deliveries. The rate will be charged on the amount the buyer has paid.
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