Viewers are facing challenges in the Pakistani economy in every era, the main reason being that the balance of trade is not the same. This is why the government has increased tax and duty on luxury items to prevent unnecessary imports. And they also have a vehicle import, which reduces the import of used vehicles by up to 85% due to the overuse of pertexts.
Locally-assembled vehicle prices have become a question mark because of the downturn in the economy.
On the other hand, one of the good works of the government is that the government has recently passed the first National Electric Vehicles Policy which will cover only one percent general sales tax and one percent duty on the import of electric vehicles. Which is a welcome thing
There, the Ministry of Overseas has proposed to the Government of Pakistan that those living abroad should be given duty free import of hybrids up to 3000 cc. According to this proposal, people who are out of Pakistan for employment. If they have sent $ 1 million to Pakistan in the last 2 years, then they can bring a hybrid vehicle free of duty to Pakistan. There is a stipulation on the fact that all these remmitenses are sent to Pakistan via the bank or any proper channel.The ministry says the proposal is aimed at increasing remittances in Pakistan. The second is to encourage immigrants to use banks and legal means to transfer money. Which will increase Pakistan's foreign reserves ...
The audience has been sent to the Ministry of Industry and Board Development to approve the proposal prepared by the overseas ministry.
Friends, this is a good suggestion but if we observe the contents of this proposal. So this is the parameter that is kept
One million dollars = two years
Which means $ 50,000 a year.
Now if we talk about people who are expatriate, the majority of them are in the working class and there are very few people who are businessmen or elite class. Now if we convert fifty thousand dollars a month to about $ 4100 a month, then a person who sends about $ 4,000 a month to Pakistan will benefit from this policy. But if we talk about the salary of the working class, then the average income is about $ 500 to $ 800, but what you read or write about is the working class, the average income is at least $ 1500. May be.So these people do not fit these parameters.But if you talk about the businessman class, maybe their income is $ 50,000 a year or $ 1 million every two years they can send it to Pakistan ...
So the purpose is that if this policy is passed then the poor man or the middle-class servant will not be able to benefit from this policy and an elite class businessman who can tax the tax will be able to get this scheme. To be able to use.
Earlier, if we were talking about policy, up to 50% tax and duties have been exempted from 1300cc to 1800cc hybrid electric vehicles. There is a tax deduction of up to 25% on hybrid electric vehicles from 1800 to 2500 cc. Similarly, vehicles that are only hybrid, which do not have plug-in charging options, apply tax on 79% from 1600 to 1800 cc, 154 per cent from 1800 to 2500 cc and up to 209 per cent over 2500 cc.
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