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Finance Act 2024: Extended Tax Incentives for Hybrid Electric Vehicles Promote Sustainability and Local Manufacturing

In a reversal from its initial proposal, the Pakistani government announced an extension of reduced sales tax rates for locally manufactured hybrid electric vehicles. This move aims to incentivize the production and adoption of environmentally friendly automobiles.

Source: pkrevenue.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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