Cabinet approves Electric Vehicle policy for 4 wheelers: Hammad Azhar

MG News | December 22, 2020 at 05:34 PM GMT+05:00

0:00

December 22, 2020 (MLN): Federal Cabinet has today approved the Electric Vehicle policy for 4 wheelers.

The aforesaid announcement was made by Minister for Industries & Production, Hammad Azhar on its official Twitter handle. He presented the salient features of this policy such as; removal of additional Customs duty and AST on imports of EV cars, only 1% tax on import of EV parts for manufacturers and Registration & annual renewal fee waiver for EVs in ICT.

In a series of tweets, he highlighted other features which include: 1% sales tax for local made EVs up to 50kwh and light commercial vehicles up to 150 kwh, Duty on import of charging equipment capped at 1% and Duty-free import of plant and machinery for manufacturing of EVs.

‘FED already does not apply to EVs’, he said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	154,292.26 213.82M	2.85% 4276.09
ALLSHR	92,658.58 393.53M	2.77% 2494.23
KSE30	46,904.87 134.91M	3.12% 1418.41
KMI30	221,684.42 82.94M	3.18% 6829.77
KMIALLSHR	60,187.46 166.61M	3.32% 1934.26
BKTi	42,971.02 70.64M	2.76% 1155.99
OGTi	32,492.05 13.03M	5.29% 1631.20

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,300.00	74,895.00 73,630.00	-385.00 -0.52%
BRENT CRUDE	103.43	103.67 100.34	0.01 0.01%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.95 -10.73%
ROTTERDAM COAL MONTHLY	121.85	0.00 0.00	0.20 0.16%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	94.31	95.65 91.45	-1.22 -1.28%
SUGAR #11 WORLD	14.44	14.47 14.35	-0.01 -0.07%