Non-filers allowed to buy bikes and rickshaws, government amends finance bill

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On 3 October 2018, the National Assembly has passed the amended finance bill under which non-filers will be able to purchase vehicles below 200 cc engine capacity.

Earlier, a few weeks ago, while presenting the amendments to the budget 2018-19, the current Finance Minister, Asad Umar, announced that non-filers would purchase cars after the amendments get passed from the National Assembly, which was criticised by many industry analysts and political leaders.

Read Also: Car bookings fall by 30% due to a ban on non-filers

The government has only allowed bikes and rickshaws to be purchased by non-filers, the ban on non-filers from purchasing a car is still in effect.

Pakistan Automotive Manufacturers Association (PAMA) on October 1, 2018, sent a letter to Finance Minister, Asad Umar, and argued that the government would lose PKR 50 billion in revenue in case of sales drop due to the ban on non-filers, reports Dawn.

It is to be noted here that due to the non-filer issue, the booking of cars in the country has been dropped by 30%, reported by Express Tribune. The industry experts have hinted that low booking of vehicles will impact the car industry and the sales will drop to 168,000 units from 240,000 units by the end of this year.

PAMA also asked the government not to ban non-filers from purchasing cars, and even the authority has offered help to the government by sharing the data of non-filers with the Federal Board of Revenue (FBR) on a regular basis.

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However, it seems that the government didn’t pay heed to the recommendations forwarded by PAMA and is committed to making non-filers into filers.

That’s from our side, drop what you have to say in the comments section below.

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