Vehicle prices reduced from Rs 48,000 to Rs 224,000 | Life TV Online

The reduction in federal excise duty and sales tax has been implemented in the federal budget to reduce the prices of vehicles, after which the prices of vehicles will be reduced from Rs 48,000 to Rs 224,000. Automakers will soon be notifying new prices in terms of tax cuts. The federal government has reduced the sales tax rate on vehicles from 660 cc to 1000 cc from 17% to 12.5% ​​and abolished the 2.5% federal excise duty on vehicles up to 1,000 cc from 660 cc to 1000 cc. The price of vehicles up to Rs. 88,000 to Rs. 121,000 will be reduced. The federal government has reduced the rate of federal excise duty on vehicles over 1,000 cc and up to 2,000 cc from 5 per cent to 2.5 per cent. However, the sales tax rate on vehicles in this category has been maintained at 17 per cent. The price of vehicles up to 2000 cc will be reduced from Rs 48,000 to Rs 128,000. The holding tax rate on vehicles above 2000 cc and 3000 cc and above has been reduced from 7.5 per cent to 2.5 per cent, which will reduce the price of vehicles in this category from Rs 160,000 to Rs 224,000. The auto industry, along with consumers, has welcomed tax relief to reduce car prices. The rise in raw material prices in the global and domestic markets has also led to a steady rise in car prices, which is expected to affect the growth rate of the auto industry. The government tariff rate on vehicles was around 30 percent, which will now be reduced by reducing the federal excise duty. #carsinpakistan #vehicleprices #salestax #taxcuts #domesticmarket #car #lifetvonline #news #newsupdate Today's Hot Update. https://youtu.be/DVjXX4eZxhU Click here : https://youtu.be/xQ7xupko4pM website: http://www.lifetvonline.net/ Blog: https://boostpk.blogspot.com/ Reddit: https://www.reddit.com/user/Deejhons786 Facebook : https://www.facebook.com/nadeemmehboo... Instagram: https://www.instagram.com/counselingc... Linked in: https://www.linkedin.com/in/ch-nadeem-86111944/ Twitter: https://twitter.com/deejhonsmedia Pinterest: https://www.pinterest.com/mnagojra786/ Other Projects: http://propertyboompk.com/ http://www.deejhonsmedia.com/