Uncertainty irks EV financiers.
Despite issuance of electrical vehicle (EV) policy for two and three-wheelers, non-issuance of Statutory Regulatory Orders (SROs) for customs duty and sales tax has put potential investors in a dilemma.
According to a notification issued by the Federal Board of Revenue (FBR) on February 3, 2021, to amend SRO 572(I)2020, there will be no more additional customs duty on the import of electric vehicles falling under Pakistan Customs Tariff (PCT) codes 8703.8030 (electric auto rickshaw), 8711.6040...
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