The new year’s dawn has brought some good news for those wanting to purchase or lease a vehicle. Pakistanis can now sigh a little in relief after the State Bank of Pakistan eased import curbs of vehicles equal to or under 1000cc. This is a good sign for auto companies, especially Changan, who are currently having a hard time due to the hefty tax fees on completely knock-down (CKD) kits and parts. Due to these amends, Changan Karvaan price will go down for both variants.
Changan Karvaan Overview
Changan Karvaan is a multi-purpose vehicle in a mid-sized category. It is available in Pakistan in two variants, Karavan Standard and Karavan Plus. It is equipped with a 999 cc Euro IV inline-four Cylinder OHC engine mated with 5-speed Manual Transmission. The fuel tank capacity of the van is 40 litres with a mileage of 10 km/l in the city and 12 km/l on the highway.
Its 6 + 1 sitting space can easily accommodate a large family. Safety features of Karavan MPV include an anti-lock braking system, immobilizer, power door locks, and child lock.
The price of Changan Karvaan MPV in Pakistan ranges from PKR 2,419,000 for the standard variant to PKR 2,569,000 for the Plus variant. These prices of Changan Karvaan in Pakistan are ex-factory.
Karavan All Variants to Become Cheaper
Removing import moving import sanctions and reducing will enable Master Chagan Motors to reinvigorate its production and sales.
As per an amendment notification issued by the revenue division, the duty has been decreased from 30% to 15%. Moreover, the customs duty on tire tubes has also been brought down from 25% to 16%. The government has also slashed the custom duty from 32.5% to 30% on the older model of 1000cc cars.Â
The notification has further informed us that the recent relief of 15% comes with a validity period of 3 years. It applies to new model cars certified by Engineering Development Board (EDB).
The State Bank of Pakistan (SBP) has eased the import restrictions on several essential items, including Completely Knocked Down (CKD). In a circular, the SBP stated that the central bank has decided to withdraw the curbs from January 2, 2023. It will pave the way for accepting requests for import transactions already submitted to the SBP.
Conclusion
This relief on import duties will also benefit local car makers like Kia Lucky and Prince to boost production and offer vehicles at affordable prices.
Source: ProPakistani (https://propakistani.pk/2023/01/06/1000cc-cars-are-becoming-cheaper-soon/)
