Why you should wait before buying a car this month

Mettis Global reported on Nov. 12 that Pakistan’s proposed Automotive and Auto Parts Manufacturing Policy for 2026-31 is awaiting the prime minister’s approval, followed by government sign-off after IMF consent. The draft would reduce sales tax on battery electric vehicles to 1%, lower duties on imported parts and set export and local-content obligations for automakers.

Committee estimates suggest the changes could cut the BYD Seagull’s price from Rs5.34 million to Rs3.62 million and the Suzuki Cultus’s from Rs4.27 million to Rs3.84 million. The Toyota Fortuner is projected to rise from Rs20.45 million to Rs21.72 million, while the policy remains unannounced and requires further approval. Mettis said companies with plug-in hybrid models and assemblers that rely heavily on imported parts could benefit from the proposed tax and duty reductions.