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Pakistan Minerals Forum draws 10,000 delegates, secures 13 agreements Federal govt petrol price cut by Rs2 per litre, diesel unchanged Sindh sees nearly 40-fold increase in third-party motor insurance policies Study warns some hair dye chemicals may raise cancer risk Norwegian Prince opens up about his love life in rare interview Pakistan posts Rs1.3 trillion fiscal surplus in first quarter of FY27 Saud Shakeel's 97 goes in vain as Pakistan-Sri Lanka Test draws Pope Leo meets victims of sexual abuse by Catholic clergy Gold prices slide to Rs411636 per tola in local market Mari Energies report copper-gold finds in Chagai Displaced children in Gaza turn spaces between tents into makeshift football pitches Pakistan seeks fresh LNG bids for winter after turning down offers above $27 per MMBtu Sindh government to transition official vehicles to electric vehicles Security forces killed 74 militants in operations in Khyber Pakhtunkhwa and Balochistan: ISPR Alice Huang's alleged links to Huawei come to light US consortium proposes $4.4 billion LNG project in Pakistan Pakistan Minerals Forum draws 10,000 delegates, secures 13 agreements Federal govt petrol price cut by Rs2 per litre, diesel unchanged Sindh sees nearly 40-fold increase in third-party motor insurance policies Study warns some hair dye chemicals may raise cancer risk Norwegian Prince opens up about his love life in rare interview Pakistan posts Rs1.3 trillion fiscal surplus in first quarter of FY27 Saud Shakeel's 97 goes in vain as Pakistan-Sri Lanka Test draws Pope Leo meets victims of sexual abuse by Catholic clergy Gold prices slide to Rs411636 per tola in local market Mari Energies report copper-gold finds in Chagai Displaced children in Gaza turn spaces between tents into makeshift football pitches Pakistan seeks fresh LNG bids for winter after turning down offers above $27 per MMBtu Sindh government to transition official vehicles to electric vehicles Security forces killed 74 militants in operations in Khyber Pakhtunkhwa and Balochistan: ISPR Alice Huang's alleged links to Huawei come to light US consortium proposes $4.4 billion LNG project in Pakistan

MG HS Prices Rise in Pakistan After New Withholding Tax Approval

MG HS Prices Rise in Pakistan After New Withholding Tax Approval

The MG HS, a popular stylish crossover, has become more expensive along with several other cars in Pakistan following the government's approval of a new withholding tax on all vehicles.

The new withholding tax on locally assembled cars has increased as the government takes extreme measures to boost revenue. With the latest amendments, registration charges will now be calculated based on the invoice price of the car rather than the engine capacity.

MG Pakistan has announced the increased prices for the MG HS in response to the imposition of this tax.

MG HS New Price in Pakistan

Chinese auto giant company explained new withholding tax on car price, with base model of MG HS touching Rs8.26 million.

Car Model New Tax Amount New Total Price
MG HS Essence Rs161,980 Rs8,260,980
MG HS 2.0L Rs464,950 Rs9,763,950
MG HS Excite Rs143,980 Rs7,342,980
Pakistani government also ended 50percent concession from HEV cars. Now, HEV owners will have to pay the full 100% custom duty on their HEV vehicles, and no exemption will be provided.

 

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