• About
  • Advertise
  • Contact
Thursday, August 18, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

Kia Announces Price Increase Due to Capital Value Tax

byUsman Ahzaz Mufti
July 10, 2022
in Business
Reading Time: 1 min read
0
Kia Announces Price Increase Due to Capital Value Tax
99
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

Lucky Motor Corporation Limited (LMCL) has issued a press release, issuing clarity regarding price hike news circling the media. According to the official statement, the company did not make any revisions in the ex-factory prices of its cars.

However, following the enactment of a 1 percent capital value tax (CVT) on cars with engines larger than 1300cc, the purchasing cost of all cars has risen slightly, with the exception of the Kia Picanto.

RelatedPosts

Govt to borrow Rs6.8tr from banks

5% tax on manufacturers to be expected

Honda Atlas also reduces car prices after rupee’s recovery

Effective immediately, the prices subject to the new CVT rate are as follows:

Image: Kia Motors

The federal government has imposed a 1 percent CVT on cars with engines larger than 1300cc and electric vehicles (EVs) with battery packs larger than 50 kWh, effective from July 1, 2022.

Tags: Kia PricesKia Sportage
Usman Ahzaz Mufti

Usman Ahzaz Mufti

Related Posts

Govt to borrow Rs6.8tr from banks

Govt to borrow Rs6.8tr from banks

The government has planned to borrow Rs6.78 trillion from commercial banks over a period of two months "August and September...

5% tax on manufacturers to be expected

5% tax on manufacturers to be expected

The government may impose a 5% special income tax on manufacturers to create fiscal space for giving a relief of...

Next Post
Teen pilot Mack Rutherford reaches Pakistan during solo round-world flight

Teen pilot Mack Rutherford reaches Pakistan during solo round-world flight

Recommended

FIFA’s Official Website Removes Israel to Add Palestine in Its List of Countries

FIFA’s Official Website Removes Israel to Add Palestine in Its List of Countries

Govt to borrow Rs6.8tr from banks

Govt to borrow Rs6.8tr from banks

5% tax on manufacturers to be expected

5% tax on manufacturers to be expected

Honda Atlas also reduces car prices after rupee’s recovery

Honda Atlas also reduces car prices after rupee’s recovery

Stocks gain 240 points on strong corporate results

Stocks gain 240 points on strong corporate results

New UK trading scheme facilitates Pakistan for increasing export

New UK trading scheme facilitates Pakistan for increasing export

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In