ISLAMABAD: Minister for Finance Dr Miftah Ismail Friday proposed to withdraw 16 percent customs duty on charging stations for electric vehicles aimed at promoting usage of electric vehicles, which are environment friendly.
Presenting Federal Budget 2018-19 in the National Assembly, he said the government was committed to introducing alternative energy in all walks of life with a view to reduce dependence on consumption of fossil fuel.
In line with the strategy, the minister said, the government had also proposed to reduce custom duty on import of electric cars from 50% t0 25% in addition to exemption from regulatory duty of 15%.
While, the minister said 10% duty had been proposed on import of ‘CKD kits’ for assembly of domestically produced electric cars.
He said light-emitting diode (LED) was an efficient alternative to save energy. It has been proposed to withdraw 5 % customs duty on specified LED parts and components to further incentivize domestic manufacturing in Pakistan, he added.
Published in Daily Times, April 28th 2018.
