Islamabad (HRNW)- The federal government has revised duties and taxes on various categories of imported vehicles under the Finance Bill 2026-27 approved by Parliament, with the new rates set to take effect from July 1.
According to the Finance Bill, imported vehicles with engine capacities ranging from 2000cc to 3000cc will be subject to an 86 percent duty, while vehicles with engine capacities of 3001cc and above will face a 92 percent duty.
The government has also announced significant reductions in duties and taxes on several categories of imported vehicles. The total duty and tax rate on 1800cc vehicles has been reduced from 156 percent to 74 percent. For vehicles above 1500cc, the rate has been lowered from 91 percent to 57 percent.
Similarly, duties and taxes on imported vehicles ranging from 1000cc to 1500cc have been reduced from 76 percent to 52 percent, while the rate for 850cc vehicles has been cut from 66 percent to 42 percent.
The Finance Bill further states that no special excise duty will be imposed on vehicles up to 1800cc under the new auto policy, a move aimed at providing relief to consumers and supporting the automobile sector.
The revised tax structure is expected to impact vehicle import costs and may influence the local automobile market in the coming months.
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