There is great good news for Pakistanis suffering from inflation.
According to social media reports, there is a possibility of a drastic reduction in the price of cars across the country, now everyone will be able to buy a car.
According to the report, the federal government has decided to reduce the prices of vehicles across the country by 10%. After the dollar returns to Rs 152, the prices of vehicles will be reduced.
According to sources, a summary has been ordered in this regard.
In June 2019, the dollar was Rs 152 and at that time, along with the rise in the value of the dollar, there was a trend of rising car prices.
The value of the dollar has reached Rs 170 and now that the dollar has come back to Rs 152, the prices of cars have not been reduced.
The federal government has also decided to reduce duties to reduce car prices by 5 to 10 percent.
Most of the spare parts for vehicles manufactured across the country are imported. The reduction in duty and the reduction in the dollar will reduce the cost of production of new vehicles.
Sources said that the summary will be approved within a month.
The Ministry of Industry and Production will prepare a summary and send it to the Ministry of Finance.