ISLAMABAD: Pakistan has exempted locally manufactured hybrid electric vehicles with engine capacities of up to 2,000cc from sales tax, the Finance Ministry said Monday.
The ministry amended sales tax rules concerning hybrid electric vehicles, bringing locally produced hybrid vehicles with engines of up to 2,000cc under the tax exemption.
The Finance Ministry also issued a notification confirming the amendment, which will take effect immediately.
The move is expected to provide tax relief for consumers and manufacturers of eligible locally assembled hybrid vehicles.