Meri Gari Scheme 2021 Pakistan
In the National Assembly Budget 2021, the Finance Minster Shaukat Tareen announced that the government wants to provide more facilities to the public through their new scheme “Meri Gari Scheme Pakistan”.
In the annual budget 2021-22, the Federal government declared their new scheme “Meri Car Scheme” for the Pakistani citizens. In announcing the annual budget 2021-22, the finance minister ‘Shaukat Tareen’ also announced this scheme in his budget speech. He said that “the Pakistani citizens could receive advantages from this car scheme 2021”.
He said that the one of the most advantages is that “Excise duty on small cars of 800cc has been reduced except for customs and regulatory duties”. The finance minister also presented that the government provides tax relaxation on electric vehicles.
Prime Minster Meri gari scheme Pakistan 2021
The Finance Minister announced the new scheme “Meri Gari Scheme 2021” for the Pakistanis in the annual budget 2021-22 for the next financial year. He presented that the custom and regulatory duties have reduced on vehicles, which smaller than 800cc. This reduction was held under this scheme.
The federal government introduced this scheme for the public because in recent years, car prices are extremely high, which leads to a great decline in sales. Due to high prices the public are not able to purchase expensive cars. That’s why the government has presented this car scheme in which the interest rates will less. Under this scheme, the new interest rates just like to be 5% to 6%.
Meri Gari Scheme Benefits:
This new scheme will provide many benefits to the public especially low-income people such as teachers and other professionals whose salaries become able to purchase a decent ride for them. Under this scheme, the government has also reduced taxes on 1000cc cars instead of 800cc. The finance minister announced that the government is making a new auto policy in which the tax will cut for 850cc to 1000cc car purchasers. He said that the interest rates should be 5% for 1000cc cars and 6% for the larger vehicles. This new policy is still not finalized by the federal government.