The supplementary financial bill, aka mini-budget has been approved from the National Assembly. The amendments will likely result in increase in prices of locally assembled & imported vehicles due to revised duties & taxes imposed on the auto sector.

The post Mini Budget: Revised Taxes & Duties Imposed first appeared on CarSpiritPK and is written by UsmanAnsari.

With Pak Suzuki declaring a loss of Rs 1.53 billion in the quarter ended June 2019 and Honda Atlas suffering from a 77% decline in profits, are the two companies heading for a downfall?

The post Are Honda and Suzuki Heading for a Downfall? first appeared on CarSpiritPK and is written by UsmanAnsari.

With 5% FED imposed, the new price of FAW V2 is now PKR 14.99 lac. The government has imposed a 2.5% FED on vehicles up to 1000cc engine capacity, 5% FED on vehicles with 1001 to 2000cc engine capacity and 7.5% FED on cars above 2001cc engine displacement.

The post FAW V2 Now Cost PKR 14.99 lac after FED first appeared on CarSpiritPK and is written by UsmanAnsari.

The government has unveiled the financial budget for the fiscal year 2019-20 earlier today. Minister of State for Revenue Hammad Azhar presented the Budget 2019-20 in the National Assembly.

The post Budget 2019-20 Announced- Car Prices to Increase first appeared on CarSpiritPK and is written by UsmanAnsari.