PAKISTAN: Government considers lower tariffs for imported cars

A Pakistan government panel has reportedly recommended lower tariffs on cars to boost import volumes and net tax revenue, according to Bloomberg.

Import duty on all vehicles, including used cars, must be reduced by 5 percent while those on cars with engines of 1,800cc or higher must be slashed by 25 percent, Mohammad Zubair, a member of the panel, told Bloomberg.

Pakistan is under pressure to boost tax receipts to meet IMF loan conditions. However, such a move would be resisted by local assemblers.

The Bloomberg report said that the new moves could be part of Pakistan’s budget for the year starting July 1.

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