The auto industry is seeking clarity on the implementation of the Finance Act 2025, which has introduced restrictions on ineligible individuals from booking or purchasing motor vehicles starting July 1, 2025.
According to a news report, the Pakistan Automotive Manufacturers Association (PAMA) has formally reached out to the Federal Board of Revenue (FBR) for clarification on the new regulations. According to PAMA, the law prevents ineligible persons from booking or purchasing motor vehicles, and any vehicle purchased by such individuals will not be registered by authorities.
Key concerns raised by PAMA include unclear processes for determining eligibility. The law requires prospective buyers to obtain an eligibility certificate before booking a vehicle, but the procedure for issuing these certificates has yet to be defined.
PAMA has suggested that the FBR develop an eligibility portal similar to the existing filer portal to streamline the process and avoid delays in vehicle bookings.
The association also proposed that the eligibility criteria should exclude government bodies, including the federal, provincial, and local governments, as well as the armed forces and their departments.
With the law already in effect, PAMA is calling for temporary measures allowing vehicle bookings to proceed while awaiting further clarification from the government.
Discover more from Brackly News
Subscribe to get the latest posts sent to your email.
