Suzuki Cultus Among Cars Expected to Get Cheaper Under New Policy

Pakistan's government has proposed an auto policy that could lead to reduced prices for certain cars, including the Suzuki Cultus, as the nation prepares to implement changes to vehicle taxation and import duties over a five-year period. Prime Minister Shehbaz Sharif recently approved the final draft of the Automotive and Auto Parts Policy 2026-31, which will undergo approval by the International Monetary Fund (IMF) before being considered by the federal cabinet. The government plans to introduce a bill in parliament to finalize the proposed tax rates.

Under the new policy, hybrid electric vehicles and conventional internal combustion engine (ICE) vehicles will be treated equally regarding duties and taxes. The customs duty on conventional ICE cars and SUVs is set to remain at 15% in 2031, without any additional or regulatory duties. Based on estimates from The Express Tribune, the Suzuki Cultus, currently priced at Rs.

4.3 million, could potentially drop to Rs. 3.8 million in the first year of the policy, resulting in a possible reduction of Rs. 500,000. However, this price is not an official announcement but an assessment of the policy's potential impact.

It is important to note that the policy still needs to receive approval from the IMF and the federal cabinet.