After the increase in general sales tax, Yamaha Motor, one of the top manufacturers of two-wheelers in Pakistan, announced a price increase for its motorcycles for the second time this year.
The automotive manufacturer raised prices by between Rs3,000 and Rs3,500. On February 21, the revised prices went into effect.
Model | Retail price (exclusive of tax) | Sales tax — 18% | Retail price (inclusive of tax) | Previous price (inclusive of 17% GST) |
YB125Z (Red, Black) | Rs261,440.68 | Rs47,059.32 | Rs308,500 | Rs305,500 |
YB125Z DX (Red/Black/Blue) | Rs280,084.75 | Rs50,415.25 | Rs330,500 | Rs327,000 |
YBR125 (Red, Black, Blue) | Rs287,711.86 | Rs51,788.14 | Rs339,500 | Rs336,000 |
YBR125G (Red, Black) | Rs299,152.54 | Rs53,847.46 | Rs353,000 | Rs349,000 |
YBR125G (Matt Dark Gray) | Rs301,694.92 | Rs54,305.08 | Rs356,000 | Rs352,500 |
The National Assembly has approved the Finance (Supplementary) Bill 2023, which states that the general sales tax (GST) rate has been raised to 18%.
Several industries and sectors boosted the cost of goods and services as a result of the GST hike.
Pakistan's automobile industry has been severely impacted by the continuing economic crisis as a result of difficulties issuing letters of credit that resulted from the fast diminishing foreign exchange reserves and a weakening rupee.
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