Prices of Imported Vehicles Expected to Rise in Upcoming Budget
Saad khan 
Islamabad: The upcoming 2024–25 budget is set to significantly impact the pricing of used vehicles in Pakistan with proposed increases in regulatory duty.
Sources suggest a 30% rise in regulatory duty on vehicles with engine capacities over 1800 cc, which could lead to higher costs for imported used vehicles. Reports indicate a proposal to raise the regulatory duty on older vehicles, further contributing to the anticipated price hike.
Imported used vehicles, especially those with engines larger than 1800 cc, are expected to be most affected, with duty rates potentially increasing from 70% to 100%. Additionally, there is a proposal to impose a 15% duty on used vehicles up to 1800 cc.
However, there is good news for buyers of new and used hybrid vehicles with engine capacities up to 1800 cc, as they are expected to continue benefiting from zero duty, offering some relief amidst the price increases.
It's noteworthy that last year, vehicle imports surged by 255%, largely due to a reduction in regulatory duty. The proposed adjustments aim to curb excessive imports and promote local manufacturing.
