Government Takes Notice of Skyrocketing Vehicle Prices
The industry and production ministry has issued a letter to the motor companies and demanded an explanation about the recent hike
With the skyrocketing prices of vehicles in the country, the federal government has decided to take action against the shoot-up.
The industry and production ministry has issued a letter to the motor companies and demanded an explanation about the recent hike.
In the past few years, prices of vehicles in Pakistan have increased that led to a decline in sales.
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The government had provided tax relief to car companies in the budget for the financial year 2021-22 (FY22) to reduce the prices of vehicles.
The tax relief for the car companies remained futile in shrinking the prices and the government had to take notice of the hike.
