The budget will be announced in less than 2 hours now. Does anyone have any information about any increase or decrease in the duties charged on imported vehicles?
Rumours are afloat that hybrid cars (above 1200cc this time) will see a tax-reduction of up to 80%.
Or will Toyota Indus, Honda Atlas and Pak Suzuki continue bribing the relevant people in power so that the customer is forced to buy whatever these three manufacturers release in the market? From what I have heard from my sources, there is no serious plan to slash duties on imported vehicles or increase the age of vehicles permitted for import. Instead, there is a proposal in the Ministry of Commerce to increase the tax on vehicle parts that these three companies import so that the government can raise more revenue.