After the passing of the 'mini-budget,' car prices in Pakistan have risen

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After the passing of the 'mini-budget,' car prices in Pakistan have risen

Sep 01, 2023 talha seo

The Sindh Excise and Taxation Department in Pakistan raised vehicle taxes on Monday under the Finance (Supplementary) Act, 2022, resulting in a rise in automobile costs across the country.

Notably, the National Assembly enacted the contentious Finance (Supplementary) Bill, sometimes known as the "mini-budget," despite strong resistance from the opposition benches, and automobile prices in Pakistan have risen dramatically as a result of its implementation.

The tax on automobiles with engines larger than 1000cc has been raised from Rs50,000 to Rs100,000.

The government is now heavily in debt, and inflation is swiftly rising.

According to the news station, the tax on cars with engines ranging from 1001cc to 2000cc has been hiked to Rs200,000 from Rs100,000, while those with engines of 2001cc and beyond would pay Rs400,000 in taxes.

According to a media source, Pakistan Prime Minister Imran Khan confirmed on Saturday that the country's citizens are experiencing significant inflation as commodity and gasoline prices have risen.

talha seo

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