Anticipating the imposing of FED by the Federal Government, Al-Haj FAW has increased the rates of its cars for June 2019. The company has forwarded the circular in this regard to its dealers across Pakistan, see it below:
Note here that the government has proposed FED for different categories of cars, which will come into effect after the National Assembly passes the budget. After that, the prices of vehicles will skyrocket.
The proposed FED is as follow:
- 2.5% FED to be imposed on cars up to 1000 cc engine displacement
- 5% FED to be charged on cars between 1001 cc and 2000 cc engine displacement
- 7.5% FED on high-end cars i.e. 2001 cc and above
Aside from Al-Haj FAW, in the coming weeks, it is highly anticipated that Toyota IMC, Honda Pakistan and Pak Suzuki will also soar the prices of their vehicles.
That’s it from our side, drop your thoughts in the comments section below.