Islamabad June 05 2021: The Federal Minister for Finance and Revenue, Shaukat Tarin, chaired meetings through video link with the representatives of the Auto Industry of Pakistan in order to ensure the full participation of the business community in the current budget making exercise.
The delegation of the Auto Industry was led by Mr. Ali Asghar Jamali, CEO Indus Motors. The delegation presented the demands of the Auto Industry for the upcoming budget. They informed the Minister that any additional tax on the automobile can have a negative impact on consumer prices and sales of the automobiles, however, the situation can be improved.
The delegation then requested concessions in sales tax, Federal Excise Duty, Customs Duty and Additional Customs Duty on the cars with the commitment to introduce corresponding decrease in the local prices. They also offered to settle issues pending in courts in an amicable manner and honoring their commitment to the customers for timely product delivery.
SAPM on Finance and Revenue Dr. Waqar Masood and Adviser to PM on Commerce Abdul Razak Dawood were also present in both the meetings to facilitate the consultative process before the budget making exercise. The second meeting was also attended by Adviser to PM on Austerity and Institutional Reforms Dr. Ishrat Hussain.
