To end the confusion being created by the people here are the exact wordings of the MINISTER OF STATE OMAR OYUB KHAN take a look
Extract from Budget Speech 2006-07
Omar Ayub Khan, Minister of State for Finance
English translation of the speech made in the National Assembly of Pakistan
on Islamabad 5th June, 2006
Mr. Speaker
As you would be aware, the deletion programme for vehicles is being abolished. At the same time a new system called “Tariff based system” is being introduced. To promote transport, which uses trucks, buses and dumpers, taxes are being readjusted under which
the CKD condition duty is being reduced from 20% to 10% whereas CBU condition customs duty is being reduced from 60% to 30%. For trucks and dumpers in access of 5 tons, the sales tax is being zero rated. In the case of baggage, gift and transfer ofresidence schemes it is being provided that the vehicle should not be older than fiveyears.