Excise and Taxation Rawalpindi District has registered total 115,718 vehicles and motorcycles during last financial year while the department collected over Rs 4.377 billion revenue including property, motor, professional taxes, excise fee and entertainment duties in four districts of the division during 2017-18.
The vehicles including Motorcycles, Motor Cars, Jeeps, St. Wagons, Pick-ups, Vans, Buses, Minibuses, Flying Coaches, Richshaws, Motorcars, Trucks, Tractors, Ambulances, Water Bowzers, Double Cabin, and Cranes were registered during the year in the district.
According to an Excise Office spokesman, the department registered total 119,873 petrol vehicles including:
- 104,102 Motorcycles
- 5808 Cars
- 19 CNG vehicles
- 1111 Diesel vehicles
The provincial government had fixed over Rs 4.185 billion revenue target for Rawalpindi division including Rawalpindi, Jhelum, Chakwal and Attock districts for the last financial year. He informed APP that overall 105 percent target was achieved during the fiscal year.
Vehicle owners who would deposit the token tax for the next financial year 2018-19 before Aug 31 can avail the rebate of 10 percent.
A special counter has been set up at the Excise and TaxationOffice particularly to facilitate the citizens, he added.
The import of bikes/motorcycles has gone up by 15.52% in the financial Year 2017-18 against the same period of the previous year, that also shows why the motorcycles are registered in such a large number in one division alone.
Last year, the local bike manufacturers sold over 1.6 million bikes, while Honda was leading the front by selling over 1.0 million motorbikes.
With the new car manufacturers entering the market, there is a consensus that this number of new registrations vehicles specifically of cars should get higher. Sazgar, KIA Motors, Datsun, and Hyundai Nishat have already received their NOCs. Hyundai Nishat is even installing its plant in Faisalabad and has received a guarantee of $66 Million for that.
This all shows that Pakistani auto industry is on the verge of start flourishing, previous government has given a good policy regarding this, the new one has to take forward that so people could buy new vehicles and eventually old vehicles get removed from the roads.