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.No | Engine Capacity | Tax |
| (1) | (2) | (3) |
| 1. | Upto 850cc | Rs10,000 |
| 2. | 851cc to 1000cc | Rs.20,000 |
| 3. | 1001cc to 1300cc | Rs25,000 |
| 4. | 1301cc to 1600cc | Rs50,000 |
| 5. | 1601cc to 1800cc | Rs150,000 |
| 6. | 1801cc to 2000cc | Rs200,000 |
| 7. | 2001cc to 2500cc | Rs300,000 |
| 8. | 2501cc to 3000cc | Rs400,000 |
| 9. | Above 3000cc | Rs500,000 |