According to reports, Pakistani Prime Minister Shahbaz Sharif approved a draft five-year automobile policy. The policy will provide significant tax benefits for new energy vehicles while protecting traditional car assemblers. The maximum loan limit for NEV vehicle purchases will be raised from Rs3 million to Rs10 million. New energy vehicles are exempt from federal consumption tax, capital value tax, and withholding tax.

According to reports, Pakistani Prime Minister Shahbaz Sharif approved a draft five-year automobile policy. The policy will provide significant tax benefits for new energy vehicles while protecting traditional car assemblers. The maximum loan limit for NEV vehicle purchases will be raised from Rs3 million to Rs10 million. New energy vehicles are exempt from federal consumption tax, capital value tax, and withholding tax.