Regulatory duty abolished on imported vehicles – Cars in Pakistan to get cheaper from 10 to 12 Lacs

Pakistan has completely abolished regulatory duties on the import of used cars of up to 1,800cc. It also cut duty rates for new cars, mobile phones and other range of goods drastically that will significantly cut end consumer prices. The consumers of old used cars of up to the 1800 cc category will get major relief with 100% regulatory duties being done away with. The new cars in this category will still attract 15% regulatory duty in addition to other taxes.
While there will be no regulatory duty on used cars of up to 1800cc, there will still be regulatory duty on new cars of over 1800 cc, albeit at very low rates, providing a major reduction in prices. The additional custom duties also stand withdrawn on these vehicles.
This abolition of RD will greatly help to decrease car prices in Pakistan.

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