- Pakistan’s Federal Board of Revenue has announced revised customs duty rates for electric vehicles for fiscal year 2025-26.
- The initiative aims to promote clean energy transportation and reduce pollution.
- Concessional duty rates are assigned to encourage local assembly and manufacturing of electric vehicles.
- Electric auto rickshaws will have a 50% customs tariff for five years, limited to 200 units per variant.
- Electric motorcycles and 3-wheeler electric loaders are included in the concessional structure.
- Electric buses, trucks, and prime movers have a flat 1% customs duty rate.
- Electric vehicles valued under USD 50,000 will be taxed at 25%, with certain local assembly incentives.
- The policy supports local production and investment in electric vehicles.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
