Lahore: Following the approval of the Federal Budget, a series of tax measures on imports is expected to lead to increased
Following the approval of the Federal Budget, a series of tax measures on imports is expected to lead to increased prices across all motor vehicles in Pakistan. This includes significant implications forThe federal government’s decision to eliminate import tax exemptions on various items, particularly luxury vehicles valued at $50,000 or more, will result in higher taxes and duties.
CD 70, CG 125, and Pridor enjoying substantial popularity. Market analysts note that the Honda CG 125 and CD 70 collectively command over 40% of the market share.Two-wheelers remain the most prevalent mode of transportation in Pakistan, with Honda motorcycles dominating both local and imported brands. Despite fluctuations in the Pakistani rupee’s value, the
CG 125 continues to outsell numerous domestic competitors, solidifying its position as the top-selling motorcycle in the country.Lahore: The Punjab government has implemented an increase in the token tax... The implementation of new tax measures underscores the government’s efforts to streamline revenue generation while impacting consumer pricing dynamics in the automotive sector. As these changes take effect, stakeholders and consumers alike will closely monitor their implications on affordability and market dynamics in Pakistan.As of July 2024, the Honda CG 125 is priced at Rs234,900, while the Gold/Self-start edition is 292,900.
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