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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.   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.

Hamid atiq sarwarSajid turiNational assembly standing committee on industriesKibor karachi interbank exchange rateNational assembly standing committeeKarachi interbank exchange rateஹமிட் ஏடீக் சர்வார்சஜித் துரிதேசிய சட்டசபை நின்று குழு ஆன் தொழில்கள்தேசிய சட்டசபை நின்று குழு