Federal government mulls duty free imports of hybrid and electric cars in Pakistan
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ISLAMABAD - The government launched the country’s first-ever electric vehicle policy which aims to slash the import bill, curb greenhouse gas emissions and convert 30% of all cars to EVs.
The comprehensive policy has multiple incentives to boost the growth of EVs in the country including free registration, tax exemption and others. To acknowledge the services of Pakistanis living overseas, the Ministry of Overseas Pakistanis and Human Resource Development is looking to introduce regulations that will allow one hybrid car (upto 3000CC) to be imported duty-free. Under the proposed policy, Foreign Exchange Remittance Cardholders, who remit $100,000 over a period of two years, will be allowed to import one hybrid car duty-free.
The ministry has been empowered to resolve the issues faced by overseas Pakistanis and to frame policies for their welfare, stated the overseas ministry in a directive issued to concerned stakeholders, which include the Ministry of Industries & Production, and the Engineering Development Board.
“In this context, on the direction of Prime Minister’s Delivery Unit, the Prime Minister’s office, this Ministry is in the process of devising a Manual of Privilege for Overseas Pakistanis-2019,” the notification read.
According to the notification, all relevant parties have been asked to provide the input/proposed privileges to be extended by their organizations and departments.
