- Pakistan has reduced sales tax on locally manufactured hybrid electric vehicles (HEVs) with engine capacity up to 2000cc from 25% to 18%.
- The change was made through S.R.O. 1525(1)/2026, amending S.R.O. 297(1)/2023 by adding a proviso that excludes these locally manufactured HEVs from Table-II.
- The amended rate took effect immediately on September 13, 2026.
- The move reverses a recent increase that had pushed the rate to 25%, with prior preferential rates reportedly around 8.5%–12.5% before later changes.
Source: brecorder.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.
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