850cc cars price set to soar post-budget
WEB DESK: The Federal Board of Revenue (FBR), Pakistan’s principal tax authority, has proposed a significant increase in withholding tax for vehicles boasting an engine capacity of 850cc or higher. This move, if implemented, is poised to further burden prospective car buyers financially. Furthermore, the government is contemplating augmenting the
FY 24-25 budget expected on June 7
In response to IMF pressure, the Pakistan government is contemplating ending tax exemptions in the forthcoming FY budget.
