Govt policy shift lowers cost of imported vehicles

By MG News | July 02, 2025 at 09:53 AM GMT+05:00
July 02, 2025 (MLN): The government has revised downward the overall incidence of duties on imported vehicles following the fiscal policies introduced under Pakistan’s Finance Act 2025, accompanied by new Statutory Regulatory Orders (SROs).
Key reductions have been made in Customs Duty (CD), Regulatory Duty (RD), and Additional Customs Duty (ACD), with ACD being lowered from 7% to 6%.
While earlier discussions largely centered on percentage-based tax reductions, the real-world impact is now visible in retail prices.
This is particularly evident for high-end imported SUVs such as the Toyota Land Cruiser LC300, LC200, Prado LC150, Lexus LX570, and Lexus LX600, where the drop in total import duties has translated directly into savings for consumers.
Reduced Prices of Imported SUVs:
Prado LC150 | |
Model Year | Price Decrease (PKR) |
2021 | 2.9 to 3.0 million |
Lexus LX570 | |
Model Year | Price Decrease (PKR) |
2020 | 6.5 to 6.7 million |
2021 | 7.5 to 7.8 million |
URJ 202-ZX | |
Model Year | Price Decrease (PKR) |
2020 | 4.1 to 4.2 million |
2021 | 4.7 to 4.8 million |
URJ 202-AX | |
Model Year | Price Decrease (PKR) |
2020 | 3 to 3.2 million |
2021 | 3.5 to 3.7 million |
LC300 – AX & ZX Variants.
AX Variants | |
Model Year | Price Decrease (PKR) |
2021 | 3.7 to 3.8 million |
2022 | 4.5 to 4.6 million |
2023 | 5.4 to 5.5 million |
ZX Variants | |
Model Year | Price Decrease (PKR) |
2021 | 4.9 to 5 million |
2022 | 6 to 6.1 million |
2023 | 7 to 7.1 million |
2024 | 7.6 to 8 million |
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