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Cumulatively, during the current 11MFY21, the vehicle sales amounted to 217,217 units, registering an increase of 62 percent YoY. It must be mentioned here that this number is higher than the number of vehicles sold in the pre-pandemic era.
The CM Sindh said, referring to the ongoing pandemic, "It hurt us in many ways. I bow my head in respect to every citizen, for the endurance shown in facing what was an undeniably a tough year for all our physical and mental well-being.”
The minister said the government had made a paradigm shift and opened up new export sectors, including IT, motor parts, pharmaceutical, and two and three-wheelers.
In the budget speech on 11th May Finance Minister Shaukat Tarin mentioned two major highlights, namely the introduction of the EV policy to incentivize the manufacturing and introduction of electric vehicles in the Pakistani market, and the reduction in taxes for cars with power less than 850cc.