Tag Archives: Govt doles out Rs30bn GST concession to HEV makers

KARACHI: Yielding to pressure from luxury automakers, the government has withdrawn the proposal to impose a 25 per cent sales tax on hybrid electric vehicles (HEVs) and restored the existing 8.5pc in the Finance Bill 2024, resulting in a loss of a whopping Rs30 billion to the national exchequer on an annualised basis. While wrapping up discussions on the budget 2024-25 in …

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