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

 

Comments

Popular posts from this blog

Latest Urdu News