Tuesday, April 23, 2024

Fawad Chaudry asks FBR to cut Tax on Import of Electric Vehicles

According to the official sources, Fawad Chaudhry- Federal Minister for Information & Broadcasting has stated that FBR (Federal Board of Revenue) should lessen sales tax on the import of Electric Vehicles (EVs) to 5 % for encouraging the new upcoming technology based upon the cleanest fuel in Pakistan

The information minister further added that Pakistan was one of the countries getting lead in the introduction & implementation of the new & futuristic technologies & the existence of many EVs in the country was an evidence of it.

“It is unfortunate that the existing auto sector has been opposing the EV Policy, but as the technology is growing, high performance batteries are likely to be introduced by December this year with the capacity to travel up to 1,200 kilometers in a single charging,” said Mr. Chaudry.

As per the sources, when Fawad Chaudry was the minister of science and technology, he had been one of the major supporters of EVs in the country.

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