By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Pakistan, China business firms sign $4.2 billion MoUs
    September 4, 2025
    Billions are lost due to top bosses’ massive abuse of the SOEs Act 2023.
    September 2, 2025
    Second phase of CPEC launched with new agricultural and industrial agreements
    October 7, 2024
    The Rupee depreciates 13 paise in interbank trade against the US dollar.
    October 7, 2024
    Reluctant bidders to keep on PIA employees
    October 7, 2024
  • Politics
    PoliticsShow More
    Trump administration threatens to pull city’s funding after train killing
    September 9, 2025
    Classes in NAPA theater and music will resume on September 15.
    September 9, 2025
    Nawaz and Maryam speak with a delegation from Bangladesh about trade and education.
    September 9, 2025
    Pakistan’s remittances rise 7pc yearly: SBP
    September 9, 2025
    FIR names Aleema Khan, Panjotha in journalist assault case
    September 9, 2025
  • Technology
    TechnologyShow More
    Despite its lackluster debut, the rumored “iPhone Air” could spur improvements.
    September 9, 2025
    China and Pakistan will build a training center for space science.
    September 9, 2025
    Apple expected to release iPhone 17 lineup on September 9
    September 5, 2025
    Balochistan suspends mobile internet on Sept 5–6 over security concerns
    September 5, 2025
    European nuclear research delegation visits Pakistan: FO
    September 2, 2025
  • Sports
    SportsShow More
    Pakistan pacer Usman Shinwari retires from international cricket
    September 9, 2025
    ‘No favourites in T20 format,’ Agha on Asia Cup
    September 9, 2025
    Afghanistan bat first vs Hong Kong in Asia Cup opener
    September 9, 2025
    Asia Cup 2025: Afghanistan win toss, elect to bat first against Hong Kong
    September 9, 2025
    Alcaraz outshines Sinner to claim second US Open title
    September 8, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: Budget 2024: The government will no longer exempt luxury cars from import taxes
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > Budget 2024: The government will no longer exempt luxury cars from import taxes
BusinessPakistan

Budget 2024: The government will no longer exempt luxury cars from import taxes

Last updated: 2024/06/12 at 3:25 PM
Published June 12, 2024
Share
1 Min Read
SHARE

In the budget for the fiscal year 2024–2025, the federal government led by the PML–N agreed to do away with import tax concessions for imported luxury cars, News reported on Wednesday.

The federal government suggested eliminating the import tax breaks for imported luxury cars in an effort to deter the purchase of expensive cars and support regional manufacturing.

The decision also calls for raising import vehicle taxes and levies beginning at Rs 50,000.

In an attempt to improve revenue from the construction industry, the federal excise charge on cement has been raised from Rs 2 to Rs 3 per kg.

The government has made the decision to abolish concessional rates and sales tax exemptions in favor of imposing a uniform sales tax rate on a variety of items.

You Might Also Like

Faysal Bank honoured at ADB’s annual Trade and Supply Chain Finance Program Awards 2025

KSE-100 extends rally, closes above 156,500 with 476-point gain

Chenab floodwaters put Multan at risk, next 24 hours critical

Pakistan pacer Usman Shinwari retires from international cricket

Connectivity problems exist in Pakistan, India, and the UAE. Here’s why.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin June 12, 2024 June 12, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article Government offers discounts on solar panels in Budget 2024
Next Article Budget 2024–2025: Government suggests prohibiting non-filers from traveling abroad
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Prince Harry donates £1.1m to Children in Need
News September 9, 2025
Phillipson is the frontrunner in race to replace Angela Rayner
News September 9, 2025
Mandelson called Epstein ‘best pal’ in birthday message
News September 9, 2025
Best and worst-performing NHS Trusts in England named
Health September 9, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?