PAKISTAN AUTOMAKERS FACE DECLINE IN SALES BECAUSE OF NEW EXCISE DUTY ON NEW VEHICLE SALES
October 1st, 2019
THE IMPOSITION of excise duties on automobiles sold in Pakistan from July 1 has already had a significant depressing impact on the market. Figures released by the Pakistan Automotive Manufacturers Association (PAMA) indicate that this July (2019), 10,968 cars made by the key Pakistan-based manufacturers owned by Suzuki, Toyota and Honda were sold, well down on the 18,875 sold in July 2018. It was a similar story for light commercial vehicle sales from these manufacturers, where 1,626 were sold this July, down from 2,469 sold last July; and for trucks (again same ...
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