Pak Suzuki Motor Company (PSMC) faces sales decline, higher prices, increased taxes, and import restrictions, and now, the government’s proposal for higher taxes could be the final blow.
As the largest car manufacturer in Pakistan in terms of sales and production volume, PSMC has taken a proactive step by directly addressing a letter to Pakistan’s interim Prime Minister, Mian Shahbaz Sharif, urging him not to approve the aforementioned tax hike plan.
In their plea, Suzuki has specifically requested the Prime Minister to refrain from increasing taxes on cars with engine capacities up to 1,000cc. This appeal appears sensible considering that the majority of vehicles in the automaker’s lineup fall within this range.
Expressing concern over the government’s tax hike proposal, the entire auto industry has joined forces in opposing the impending measures set to be included in the upcoming budget. The industry remains hopeful that their collective distress signals will prompt the government to reconsider their decision.
Only time will reveal whether the government will take heed of the industry’s pleas and respond to the urgent call for relief.
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