Auto-part makers seek cut in sales tax
KARACHI: In its budget proposals, the Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) urged the government to reduce sales tax on 800cc cars from 17 per cent to 5pc, stressing that lower car prices will boost sales to 120,000 units from 36,000 units...
Increase in their sales volume will result in economic growth through Large Scale Manufacturing (LSM) sector expansion, industrialisation and job...