Latest Urdu News
Latest Urdu News
Federal Government Announces Reduction In Car Prices, How Low Will Car Prices Be?
According to latest Urdu news the federal government has
announced the reduction in car prices. Federal Minister for Information Fawad
Chaudhry and Industry and Production held a press conference in Islamabad. On
the occasion, Federal Minister Fawad Chaudhry said that we have adjusted the
direction of Pakistan's economy in the last three years.
He added that the reduction in car prices has brought good
news. Federal Minister for Industries and Production Khusro Bakhtiar said that
the auto industry has the capacity to manufacture 415,000 vehicles, 164,000
vehicles were manufactured last year and at least 300,000 vehicles will be
produced next year.
He said that as the prices of vehicles go down and demand
increases, the government has abolished federal excise duty and customs duty on
vehicles and also abolished sales tax on small vehicles. He said that 300,000
new jobs would be created in the auto sector, 2.6 million motorcycles would be
created this year, 3 million motorcycles would be created next year and 75,000
jobs would be created from it.
Khusro Bakhtiar said that the price of a small car will be
reduced by about one lakh five thousand and the first time car buyer will get
concessions while the person who wants to buy a car, the car will be registered
in his name, manufacturers will be fined if they delay in giving the car. He
said that fines and other measures were being taken to curb the flow of wool
money, adding that the focus in the new auto policy was on Make
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