Bad news for Corolla and Yaris buyers in Pakistan. If you are also planning to buy a new car from IMC, get ready for a big increase in prices as rates have shot up after the government’s latest tax move.
Indus Motor Company Limited, which makes Toyota cars in Pakistan, has announced an increase of up to Rs. 6 lakh because of the New Enhanced Valuation (NEV) Levy that was introduced in the Federal Budget 2025.
So far, this price hike applies to all models as no model has been left out.
Toyota Yaris Price in Pakistan
| Model | New Price |
| GLI MT 1.3 | 4,649,000 |
| ATIV CVT 1.3 | 5,719,000 |
| ATIV X CVT 1.5 (Black) | 6,449,000 |
Toyota Corolla Price in Pakistan
| Model | New Price |
| GLI MT 1.3 | 4,649,000 |
| ATIV CVT 1.3 | 5,719,000 |
| ATIV X CVT 1.5 (Black) | 6,449,000 |
| Altis X CVT-i 1.8 | 7,029,000 |
| Grande X CVT-i 1.8 (Black) | 7,709,000 |
NEV Levy specifically targets internal combustion engine (ICE) vehicles, making them significantly more expensive. Meanwhile, electric, hybrid, export-only, and diplomatic-use vehicles remain untouched. The move is part of the government’s aggressive strategy to push the country toward eco-friendly transportation.
All new orders from July 1, 2025 onward will be charged at the updated prices. Even bookings made before July 1 will face the price hike unless fully paid by June 30, as per Toyota’s June 16 circular.
The new prices include Sales Tax, Federal Excise Duty (FED), and the Dealer commission. For the record, they do not include Freight charges or Insurance costs.
Toyota makers also warned that there could be more price changes if the rupee gets weaker or if tax policies change again.
