In a strategic move, Toyota Indus Motor Company (IMC) is set to make a substantial investment of Rs 3 billion in the local production of auto parts. This development underscores the company’s commitment to fostering domestic manufacturing capabilities and aligning with the broader objectives of promoting self-sufficiency in the automotive sector. Toyota-IMC’s decision to invest…
The Economic Coordination Committee (ECC) has granted approval for the imposition of a 25% sales tax on locally manufactured vehicles, marking a significant development in the country’s fiscal policies related to the automotive industry. This decision, aimed at enhancing revenue streams and regulating the domestic vehicle market, is poised to have substantial implications for both…
In a remarkable move, Regal Automobiles has decided to slash the price of its locally assembled Seres 3 Electric Vehicle (EV) in Pakistan, merely a month after its official launch. The company attributes this significant reduction to the strengthened position of the Pakistani rupee against the US dollar and adjustments in duty and levies for…
