pakistan
Local cars, EVs prices likely to fall in Budget 2026–27
Key takeaways
- According to sources, the government is reviewing proposals to reduce taxes on materials used in the production of local vehicles to promote the domestic auto industry.
- Under the proposed measures, customs duty on CKD (completely knocked down) kits may be set at 5% for non-localised parts and 10% for localised components.
- The new budget and auto policy, expected to take effect from July 1, will include a range of incentives aimed at strengthening the local auto sector.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: Prices of locally assembled cars and electric vehicles (EVs) are expected to decline in the coming months as the federal government considers tax relief on raw materials in the upcoming Budget 2026–27.
According to sources, the government is reviewing proposals to reduce taxes on materials used in the production of local vehicles to promote the domestic auto industry.
Under the proposed measures, customs duty on CKD (completely knocked down) kits may be set at 5% for non-localised parts and 10% for localised components.
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