{"id":67579,"date":"2020-07-05T10:00:58","date_gmt":"2020-07-05T05:00:58","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67579"},"modified":"2020-07-03T18:57:03","modified_gmt":"2020-07-03T13:57:03","slug":"incentives-announced-for-electric-vehicle-parts-importers","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html","title":{"rendered":"Incentives announced for electric vehicle parts importers"},"content":{"rendered":"\n<p>Islamabad: The federal government on Tuesday (June 30) announced incentives for the import of electric vehicles parts in the country by reducing the applicable custom duty to 1%, a news source reported. At the same time, the government introduced amendments in custom tariffs after passing the Finance Act 2020.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/ev-policy-approved-pakistan-aims-30-electric-cars-roads-2030.html\" target=\"_blank\" rel=\"noreferrer noopener\">EV Policy Approved: Pakistan aims for 30% electric cars on roads by 2030<\/a><\/p>\n\n\n\n<p>According to sources affiliated with the Federal Board of Revenue (FBR), the board has created 11 new tariff lines for electric vehicles. The custom duty percentage on import of non-localised parts will be 15% and while the duty rate will be 15% plus additional custom duty on import of localised parts.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/lahore-switch-electric-buses-combat-pollution.html\" target=\"_blank\" rel=\"noreferrer noopener\">Lahore to switch to electric buses to combat pollution<\/a><\/p>\n\n\n\n<p>Some other tax reductions that were not part of the Finance Bill 2020 and were introduced later include the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Income tax exemption on revenue generated from real estate investment trust<\/li><li>Reduction in tax rates for electric vehicles<\/li><li>Reduction in income tax on shipping businesses and providers of engineering services<\/li><\/ul>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pakistan-produce-electric-vehicles-policy-approved.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan to produce electric vehicles locally<\/a><\/p>\n\n\n\n<p>The concession included in the Finance Bill for electric vehicles will be admissible for five years with effect from July 1, 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government on Tuesday (June 30) announced incentives for the import of electric vehicles parts in the country by reducing the applicable custom duty to 1%, a news source reported. At the same time, the government introduced amendments in custom tariffs after passing the Finance Act 2020. Read: EV Policy Approved: Pakistan aims for 30% electric cars on roads by 2030 According to sources affiliated with the Federal Board of Revenue (FBR), the board has created 11 new tariff lines for electric vehicles. The custom duty percentage on import of non-localised parts will be 15% and while the duty rate will be 15% plus additional custom duty on import of localised parts. Read: Lahore to switch to electric buses to combat pollution Some other tax reductions that were not part of the Finance Bill 2020 and were introduced later include the following: Income tax exemption on revenue generated from real estate investment trust Reduction in tax rates for electric vehicles Reduction in income tax on shipping businesses and providers of engineering services Read: Pakistan to produce electric vehicles locally The concession included in the Finance Bill for electric vehicles will be admissible for five years with effect from&hellip;<\/p>\n","protected":false},"author":18,"featured_media":60307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[33738,33739,33740,33737],"persona":[],"class_list":{"0":"post-67579","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-custom-duty-on-electric-vehicle","9":"tag-electric-vehicles-import","10":"tag-electric-vehicles-parts","11":"tag-incentives-on-import-of-electric-vehicles-parts","12":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Incentives announced for electric vehicle parts importers - Zameen News<\/title>\n<meta name=\"description\" content=\"The federal government on Tuesday (June 30) announced incentives for the import of electric vehicles parts in the country by reducing the applicable\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Incentives announced for electric vehicle parts importers - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The federal government on Tuesday (June 30) announced incentives for the import of electric vehicles parts in the country by reducing the applicable\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-05T05:00:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Electric-vehicles.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Incentives announced for electric vehicle parts importers - Zameen News","description":"The federal government on Tuesday (June 30) announced incentives for the import of electric vehicles parts in the country by reducing the applicable","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html","og_locale":"en_US","og_type":"article","og_title":"Incentives announced for electric vehicle parts importers - Zameen News","og_description":"The federal government on Tuesday (June 30) announced incentives for the import of electric vehicles parts in the country by reducing the applicable","og_url":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-07-05T05:00:58+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Electric-vehicles.jpg","type":"image\/jpeg"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"Incentives announced for electric vehicle parts importers","datePublished":"2020-07-05T05:00:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html"},"wordCount":199,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Electric-vehicles.jpg","keywords":["custom duty on electric vehicle","electric vehicles import","Electric vehicles parts","incentives on import of electric vehicles parts"],"articleSection":["Allied Industries"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html","url":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html","name":"Incentives announced for electric vehicle parts importers - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Electric-vehicles.jpg","datePublished":"2020-07-05T05:00:58+00:00","description":"The federal government on Tuesday (June 30) announced incentives for the import of electric vehicles parts in the country by reducing the applicable","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Electric-vehicles.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Electric-vehicles.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/incentives-announced-for-electric-vehicle-parts-importers.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Incentives announced for electric vehicle parts importers"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","url":"https:\/\/www.zameen.com\/news\/author\/samra"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/67579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=67579"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/67579\/revisions"}],"predecessor-version":[{"id":67580,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/67579\/revisions\/67580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/60307"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=67579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=67579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=67579"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=67579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}