The Pakistani government will present the new budget for the year 2025-26 on June 2, 2025, in the National Assembly. According to sources, there is a possibility that the prices of imported cars may decrease. The government is considering reducing taxes on imported vehicles, especially small and large cars. For cars up to 850 cc and 1801 cc, a tax cut of 5 to 30 percent is being suggested
The International Monetary Fund (IMF) has strongly advised Pakistan to bring back commercial car imports and lower taxes on import sectors. This is aimed at balancing the economy. If these proposals are approved in the upcoming budget, vehicle prices could drop significantly. This would directly benefit consumers by making cars more affordable.
The government’s plan to cut taxes is part of efforts to improve economic conditions and make imports easier. Lower taxes can help bring down the cost of vehicles, which may encourage more people to buy cars. This move is expected to provide relief to the general public and improve the auto sector.
Many experts believe that if the government follows through with these recommendations, it could boost the automotive industry and make vehicles more affordable for everyone. It could also open the door for more imports, which might increase competition and improve options for consumers.
Overall, the upcoming budget is likely to focus on easing restrictions and taxes to help the economy recover. Lower car prices will be a big relief for many Pakistanis who are looking for more affordable transportation options. The budget announcement on June 2 is expected to bring some positive changes, especially for those waiting to buy a car. This move could change the way people buy vehicles and help boost the economy. Stay tuned for more updates on the budget and its impact.
