ISLAMABAD: Imported used vehicles are likely to become more expensive in the upcoming fiscal year budget 2024-25.
According to sources, there is a proposal to increase the regulatory duty on used vehicles, the duty rate on large vehicles is likely to increase from 70 to 100 percent.
According to sources, a 30 percent increase in regulatory duty is expected on vehicles larger than 1800 cc, while a 15 percent duty is proposed on used vehicles up to 1800 cc. Zero duty will remain on new and old hybrid vehicles up to 1800 cc.