<ul><li>In the upcoming 2025-26 budget, cars and auto parts in Pakistan are expected to become cheaper.</li><li>IMF urged Pakistan to lower import-related taxes in the automobile sector to promote competition.</li><li>Government may reduce the current 2% additional customs duty on auto parts to zero and gradually decrease existing customs duty slabs on parts.</li><li>The aim is to bring Pakistan's tariffs in line with global standards, reduce weighted average tariff on automobiles to 5.6% by 2030, and provide relief in duties primarily for new imported vehicles.</li></ul>

Cars and Auto Parts Likely to Become Cheaper After Budget in Pakistan

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