In a bid to facilitate the masses, the government on Friday introduced ‘Meri Gari Scheme’.
Addressing the National Assembly budget session, Minister for Finance Shaukat Tarin said that the government has abolished customs and regulatory duties on vehicles up to 850cc under the scheme.
Brand new vehicles up to 800cc have also been exempted from the advance customs duty, the finance minister added.
He maintained that the government has slashed sales tax on locally manufactured cars from 17% to 12.5%. The government has also exempted Federal Excise Duty (FED) on 850cc cars, he said, adding that they will slash duty on electric cars.