Cabinet approves Electric Vehicle policy for 4 wheelers: Hammad Azhar

By MG News | December 22, 2020 at 05:34 PM GMT+05:00
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 | 130,607.61 190.14M |
0.20% 263.57 |
ALLSHR | 81,203.64 612.30M |
0.22% 179.65 |
KSE30 | 39,957.07 75.90M |
0.12% 48.80 |
KMI30 | 190,346.60 94.64M |
0.43% 811.60 |
KMIALLSHR | 54,985.45 320.49M |
0.37% 201.79 |
BKTi | 34,751.92 18.76M |
-0.54% -188.81 |
OGTi | 28,556.98 12.90M |
0.92% 260.92 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 109,925.00 | 110,195.00 109,200.00 |
-360.00 -0.33% |
BRENT CRUDE | 68.50 | 69.00 68.32 |
-0.61 -0.88% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
-0.75 -0.76% |
ROTTERDAM COAL MONTHLY | 109.20 | 0.00 0.00 |
0.20 0.18% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.82 | 67.50 66.65 |
-0.63 -0.93% |
SUGAR #11 WORLD | 15.46 | 15.62 15.45 |
-0.12 -0.77% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|