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According to EDB officials, India charges a 17% tax on autos while Pakistan charges a 30% tariff

According to EDB officials, India charges a 17% tax on autos while Pakistan charges a 30% tariff

India charges a 17% tax on autos while Pakistan charges a 30% tariff. Officials from the Engineering Development Board (EDB) confirmed this on Monday. As they drew attention to the fact that taxes play a crucial influence in determining car prices, Pakistan implemented a 30% tax on cars, and India slapped a 17% tax on autos.

The Senate Standing Committee on Industries & Production, chaired by Senator Faisal Sabzwari, examined how car rates have lowered because of the government’s tax revisions.

“All new cars come with airbags; we’ve instructed companies they have to [build automobiles] under the international agreements Pakistan has signed,” officials added.

The demand for automobiles has surged as a result of the tax cuts, according to the officials.

Speaking to the committee, the Secretary of the Ministry of Industries and Production stated that India produced auto parts and raw materials.

Read more: In the fiscal year 2021, Pakistan exports to various countries increased

 

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