In this article, I will give you the answer to your most requested question. Everyone in Pakistan wants to know when Cars gonna be cheap in Pakistan. So, we will tell you the estimated month of 2021, when cars will be cheaper.
Also Read This: Today Dollar Rate in Pakistan
There are 2 main reasons of high car prices in Pakistan:
- US dollar
- Car Tax
If you are a car fan, you have might read all the news about Pakistani cars. So, you might know that there is no car company in Pakistan, who completely build their cars in Pakistan. Every company is importing engines and some other parts from abroad. companies are purchasing these things using US dollars. So, if the US Dollar value increases, car prices also increase. Car Prices in Pakistan always depend on dollar value. According to our analyst, the Dollar value will decrease in august 2021. So, Car Prices might decrease in September 2021.
You might heard about car taxes in Pakistan. Some car experts said Pakistan’s government takes 40% tax on every car. This means, if you have bought a car at 10 lac PKR, you are paying 4 lac tax to the government. So, here is good news for you, In the upcoming auto policy, Pakistan’s government will reduce some tax on budget cars.
According to the news, Pakistan’s government will finalize the new auto policy by March 2021. After the policy finalization, the government will approve this new auto policy. The new auto policy will be implemented on 1 July 2021.
According to the news, In the new auto policy, The government of Pakistan will focus on car production (localization) instead of car assembling. Pakistan’s government will encourage the new car makers to transfer their technology to Pakistan and give them some tax reliefs.
According to the news, In the new auto policy, Pakistan’s government will also focus on budget cars. Pakistan’s government will reduce taxes on budget cars ( below 10 lacs) and encourage companies to launch budget cars in Pakistan. In March 2021, when the government of Pakistan will approve the new auto policy then we will tell you what the government is offering in the new auto policy ( 2021-2026). So, According to our analyst, the new auto policy value will implement in July 2021. So, Car Prices might decrease in September 2021, due to less taxes.