Regulatory duty on imported vehicles has been increased by 75%
In order to control the worsening economic situation in Pakistan, the government of Pakistan had decided to ban imports, but the IMF asked to end the ban, so the government of Pakistan decided to end the ban on imported products and Increased regulatory duty on imported products including imported vehicles، The government has increased the regulatory duty on imported vehicles from 15% to 100% and this will have an impact on the prices of imported vehicles, according to a report.The regulatory duty on engines larger than 1000 cc has been increased to 100% from the earlier regulatory duty of 15%. The Federal Board of Revenue has issued SRO 1571(1) 2022 under which the increased rate of regulatory duty will be effective from 22 August 2022 to February 2023.
Due to the increase in regulatory duty, following advisory will affect the prices of imported vehicles in Pakistan
