Tax Exemption on Hybrid Cars
The Frontier Post
16-06-2013
First impression is the last impression. PML-N has recently announced exemption on 1200cc hybrid cars. Though, there are thousands of items subjected to be exempted yet Finance Minister considered hybrid cars for the exemption. Technically, this move is subjected to be applauded by all and sundry but practically this is an odd step.
Basically, a hybrid vehicle is one that combines the best features of two different energy sources, one of which is electric power. In short, it is supposed to be less fuel or CNG consuming car. Therefore, it can be inferred that the intention of Finance Minister must be that to introduce such vehicles in the country through which fuels and gas consumption could be lessened.
But, the point required for attention is that 1200cc Hybrid cars have not been manufactured yet. Even though, Japan the world’s leading cars manufacturer does not make 1200cc hybrid cars. In that case what kind of tax exemption is all about?
Reportedly Ministry of Finance had not consulted single foreign cars imports prior to announcing the exemption. Hence, PML-N has to realize that state of preparedness is necessary before making anything to public otherwise it will be facing the same embarrassments which had been faced by the previous government.
Waqar Abro
Karachi
Hybrid Car
Tax Exemption
Pakistan Observer
16-06-2013
First impression is the last impression. Pml-N has recently announced exemption on 1200cc
hybrid cars. Though, there are thousands of items subjected to be exempted yet
Finance Minister considered hybrid cars for the exemption. Technically , this
move is subjected to be applauded by all and Sundry but practically this is an
odd step. Basically, A hybrid vehicle is one that combines the best
features of two different energy sources, one of which is electric power. In
short, it is supposed to be less fuel or cng consuming car. Therefore, it can
be inferred that the intention of
Finance Minister must be that to introduce such vehicles in the country through
which fuels and gas consumption could be lessened. But, the point required for attention is that
1200cc Hybrid cars have not been manufactured yet. Even though,Japan the world’s leading cars
manufacturer does not make 1200cc hybrid
cars. When there is no 1200cc Hybrid cars then what kind of tax exemption is
all about?
Express tv reported to have said that Ministry of Finance had
not consulted a single foreign cars imports prior to announcing the exemption.
Hence, Pml-N has to realize that state
of preparedness is necessary before making anything to public otherwise it will
be facing the same embarrassments which had been faced by previous government.
WAQAR ABRO
-KARACHI
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