Pakistan set to export SUVs, other vehicles

Business Jun, 6 2024
Pakistan set to export SUVs, other vehicles
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ISLAMABAD: Ministry of Industries and Production announced that Pakistan will export sport utility vehicles (SUVs) and other cars in next few months.

According to officials of Ministry of Industries and Production, Pakistan will export 50 locally manufactured SUVs of Toyota Indus Motors in first phase. Separately, Toyota Indus’ Hybrid Corolla Cross will be exported in second phase. Ministry maintained that company has also sent 100 mechanical engineers from Pakistan to Japan for training. “Pakistani workforce in Japan has been recognised for their exceptional skills and expertise,” Ministry added. Earlier on June 4, government is considering proposal to increase regulatory duty on used imported vehicles. According to details, federal budget for next financial year will be presented on June 12 in which regulatory duty on imported used vehicles is likely to be increased.

According to sources, regulatory duty on vehicles larger than 1800 cc is expected to be rise by 30 percent while duty on large vehicles is likely to increase from 70 to 100 percent. A 15 percent duty may be imposed on used vehicles up to 1800cc while new and old hybrid vehicles up to 1800cc may continue to enjoy zero duty.

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