All the reasons for increasing price of cars in Pakistan are mentioned in this article by which everyone can understand the main reasons behind increasing prices of cars everyday.
REASONS FOR INCREASING PRICE OF CARS IN PAKISTAN
As we know that car has become an essential necessity of most of the people of today era as it provides great comfort and reliable experience to users for travelling from one place to another whether it is within or outside the city. People mostly prefer their own vehicle in Pakistan rather than travelling in different buses and public transports. There are different cars manufactured by different companies used by people living in Pakistan. All of these cars has different price ranging from high to low. Where cars provide comfort to people there its prices are also getting high day by day due to various reasons. Some of the reasons due to which Car Prices in Pakistan are increasing day by day are as follows:
REASONS:
As we know that cars price in Pakistan are extremely higher in comparison with rest of the world its main reasons include.
CUSTOM DUTY ON IMPORTED CARS has increased by 30 percent in the past few months by the government as we know that if a car is being imported from foreign land it will always have some custom duty tax. Some custom duty on New Sport-Utility Vehicles (SUVs), New All-terrain Vehicles, New cars and jeeps 1801-3000cc, New Cars and jeeps above 3000 cc, New cars and jeeps above 2000cc, New cars and jeeps above 2500cc, and new other vehicles was increased from 50 percent to 80 percent. So a 30 percent increase in custom duty tax resulted in increase of prices of cars.
CORRUPRTION is also one of the major issue that has led to increase in prices of cars in Pakistan. Every country applies custom duty on imported cars, then why prices in Pakistan are getting higher day by day. The silent factor affecting the prices of cars and all of the economy of Pakistan is negatively is corruption.
TOO MANY STAKEHOLDERS, DEALERS IN PAKISTAN is also one of the major problem the car passes by too many hands before it reaches the dealer in our specific city or area. With each passing hand the price becomes higher and the final road price for the consumer gets extremely high which almost double if we compare it with the original price.
LOCAL CAR MANUFACTURERS keep increasing the prices of car within months which has make life difficult for people to buy the cars of their choice.
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