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Car prices in budget 2022-23 see a sharp rise

Islamabad: The government has doubled the taxes o cars over 1600 CC in the annual budget for 2022-2023.

The new tax would significantly increase the prices of cars and discourage their imports.

Here is the details of the tax imposed in the budget:

S.NoEngine CapacityTax
1.Upto 850ccRs10,000
2.851cc to 1000ccRs.20,000
3.1001cc to 1300ccRs25,000
4.1301cc to 1600ccRs50,000
5.1601cc to 1800ccRs150,000
6.1801cc to 2000ccRs200,000
7.2001cc to 2500ccRs300,000
8.2501cc to 3000ccRs400,000
9.Above 3000ccRs500,000
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