ISLAMABAD – The government launched the country’s first-ever electricvehicle policy which aims to slash the import bill, curb greenhouse gasemissions and convert 30% of all cars to EVs.
The comprehensive policy has multiple incentives to boost the growth of EVsin the country including free registration, tax exemption and others. Toacknowledge the services of Pakistanis living overseas, the Ministry ofOverseas Pakistanis and Human Resource Development is looking to introduceregulations that will allow one hybrid car (upto 3000CC) to be importedduty-free. Under the proposed policy, Foreign Exchange RemittanceCardholders, who remit $100,000 over a period of two years, will be allowedto import one hybrid car duty-free.
The ministry has been empowered to resolve the issues faced by overseasPakistanis and to frame policies for their welfare, stated the overseasministry in a directive issued to concerned stakeholders, which include theMinistry of Industries & Production, and the Engineering Development Board.
“In this context, on the direction of Prime Minister’s Delivery Unit, thePrime Minister’s office, this Ministry is in the process of devising aManual of Privilege for Overseas Pakistanis-2019,” the notification read.
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According to the notification, all relevant parties have been asked toprovide the input/proposed privileges to be extended by their organizationsand departments.
