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.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now