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Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. 384,000 cars were sold in 2023. In the 1990s and early 2000s, Pakistan had many Japanese cars. With the launch of the first Auto Policy in 2005, Pakistan launched its first indigenous car, Adam Revo. However, after ...
The car has a peak power of 80 kW or 108 hp and a battery capacity of 35 kWh covering 210 km. [24] Its first prototype was unveiled on 15 August 2022. [24] Pakistan, in collaboration with China, has introduced its first-ever electric car company, Topsun Motors, which inaugurated its showroom in Jail Road of Lahore on 3 January 2020. [25]
Over-reliance on Indirect Taxes: Pakistan’s tax system is heavily dependent on indirect taxes, such as sales tax, which are regressive and disproportionately affect low-income individuals. Corruption : According to a 2002 study, 99% of 256 respondents reported facing corruption with regard to taxation.
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
Every citizen is required to have a NIC number, and the number is required for many activities such as getting a driver licence or passport, registering a vehicle, receiving social insurance/Zakat funding, enrolling in school, college or technical institute, [7] filing a legal affidavit, wiring funds, paying taxes, opening/operating a bank ...
Islamabad Capital Territory vehicle registration plates [4] Vehicle Type Image Example Description Cars 317: Plates are white with black letters and numbers. The plates consist of two letters and three numbers, with ICT-ISLAMABAD written below. There is a dark blue strip on the left, with the territory symbol, an image of Faisal Mosque. Motorcycles
In 1988, it was listed on the Karachi Stock Exchange. [5] In 1998, Hino Motors, and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding investors. [6] Hinopak Motors has a 70% market share in Pakistan, and gained its highest-ever after-tax profit in FY~2018-19. [7] [8] [9]
Profit Before Tax 608 612 480 1,011 1,439 1,624 Profit After Tax 427 413 320 749 924 1,005 % Net Profit Margin ... Cars on Shahrah-e-Faisal in Karachi.