Engineering Development Board (EDB) officials said Monday Pakistan has imposed 30% of tax on cars, while India charges 17% of tax on cars as they drew attention to the fact that taxes play a major role in determining the prices of cars.
The rates of cars have gone down due to the revision in taxes by the government, discussed the Senate Standing Committee on Industries and Production, whose meeting was chaired by Senator Faisal Sabzwari.
"New cars have airbags installed in them; we have told companies they have to [make cars] in line with the international agreements that Pakistan has signed," the officials said.
The demand for cars has increased following a reduction in taxes, the officials added.
Secretary Ministry of Industries and Production, speaking to the committee, noted India not only manufactured car parts but it produced raw materials.
"The rate of cars did not increase by the pace they should have," the secretary added.
Instability in Afghanistan could affect all the neighbouring countries, warns PM Imran Khan in interview with RT
United Kingdom removes Pakistan and seven other countries from red list
"This conspiracy has been hatched to tarnish the image of Pakistan," the interior minister says
Interior Minister discusses issues of Afghan evacuation aid with UN High Commissioner for Refugees Filippo Grandi
UNHCR Filippo Grandi calls on Chief of Army Staff General Qamar Javed Bajwa at GHQ
The US government has issued visas to ailing Umer Sharif and his family members for his treatment abroad.