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The full details of the budget are still coming in fresh and we are trying to update you as we come across relevant material of your interest. The new budget may have favored hybrid cars and has increased the prices of a lot of others however, the duty on CKD units is to be slashed from 35% to 25%. CKD (complete-knockdown-kit) is basically all the car parts which are manufactured in one country, and then shipped to another to be assembled into the final product. Pakistani automakers are auto assemblers and they import CKDs’ of cars and assemble them here. …

  Pakistan starts on the road to a greener tomorrow. The new government has made significant changes to the import duty structure.   According to the budget announced today by finance minister, Ishaq Dar:   Electric/Hybrid vehicles upto 1200cc: NO DUTY, NO SALES TAX Electric/Hybrid vehicles from 1201cc to 1800cc: Reduced by 50% Electric/Hybrid vehicles from 1801 to 2500cc: Reduced by 25%   Courtesy: Arghan Tahir (Jumbo International)  

As many news media outlets are saying, this is the first test of the new government led by Nawaz Sharif. And as per the preliminary reports citing the budget, it looks like they are going to loose that test as most of the commodities are about to get more expensive; electricity, sugar, oil, etc etc. Cars aren’t left alone either, as initial reports say that the prices of cars will increase however, prices of cars with engines larger then 1800cc will increase even more. Government is expanding its tax net to fight the plague of ‘Circular Debt’ which has put …

Transformers have been quite a hit amongst car fans because it included the primary ingredients a car enthusiast want in a movie; cars, hot girls, explosions, and more explosions. For the past trilogy of Transformers, the film producers teamed up with General Motors and cast mostly new cars however, few teaser images have been released for the next Transformers 4 and Bumblebee is not the latest Chevrolet Camaro anymore but instead, he is going to be the 1967 Chevrolet Camaro SS which has massive tires and a matte black paint. The teasing for Transformers 4 kicked off on Wednesday with …

Late last year we got to know that the government is working on its plan to phase out CNG from vehicles with engines larger than 1000cc, a final date for implementing the plan wasn’t provided nor any hint of it. Yesterday, the caretaker PM, Hazar Khan Khoso signed the Ministry of Petroleum’s plan to ban use of CNG from cars with engines larger than 1000cc which will come into effect from 25th of May, 2013. And to impose the ban, any CNG station which breaches the directives of the prime minister for the first time will be charged of Rs50,000 …