PAKISTAN ECONOMY

Presented by:

Shayza Khalid
Car sales and production decreased by 40% in
August
• Sales of cars overall decreased by 40.69% while
production has decreased by 40.83% compared
to August last year.
• Unsold vehicles reported at IMC and Honda Atlas
• Production days in a month for IMC and Honda
• 9,126 units sold compared to 15,389 last year
• Production of only 10,636 units compared to
18,202 units last year which shows negative
growth
• Honda car sales decreased by 68.36% from 3496
units to 1106 units
• Suzuki swift decreased by 53.60 % from 355
units to 164 units
• Toyota Corolla sales went down from 4202 units
to 1727 units (58.90%)
• Suzuki Cultus from 1380 units to 1289 units
• Wagon-R from 2450 units to 645 units
• Mehran from 2318 to 389 units
 Reasons
• FED tax increased by the government
• Registration tax and tax brackets set up by the
government
• Luxury tax imposed on 1800cc+ cars
• Filer and non-filer issue, non filers were not
allowed to buy cars
• Excise has increased taxes on yearly tokens
 ICCI for focusing on renewable energy to
produce cheap electricity for industry

• Business community of Federal capital urged

government to reduce its reliance on fossil fuels
• Government should transit from conventional to
renewable energy sources
• President of ICCI Ahmed Hassan Moughal
• Push up production cost
• Stated that Pakistan’s heavy reliance
• Rafat Farid Senior Vice President and Iftikhar
Anwar Sethi Vice President ICCI urged the
government for reducing duties
• Energy generated through fossil fuels
• Renewable energy is environmental friendly
• Use of renewable energy source would enable
the country to avoid repeated hikes in power
tariffs
 Excise department sets new precedence by collecting
103% tax
• Minister of Information praised the excise taxation
and Narcotics control departments.
• The milestone was reached for year 2018-19 as
staff and officials worked with utmost dedication
• Department recovered 3,447 million against a
target of 3,364 million, which he gives credit to
good governance
• Amount achieved is 20% more than the previous
year
• MOU signed between excise taxation and anti-
narcotics in providing vehicles,
telecommunication and capacity building.
• KPK only province to raise it’s own anti-narcotics bill and
has own investigation cells
• Value of seized drugs was 1.8 billion in international
market
• Excise secretary talked about how target was achieved
through:
1. Regularizing un-registered vehicles
2. Removal of unauthorized number plates
3. Seizure and confiscation of 200 illegal vehicles worth
200 million
• Other steps to generate revenue were to
1. Introduce smart card and digitalization of property tax
2. Home delivery of number plates
3. Increasing awareness regarding taxation and narcotics
control
Petroleum imports dip 45pc: SBP
• Petroleum group imports into the country during current
financial year (2019-20) dipped by 45.22% compared to
last year
• Petroleum products’ imports decreased by 62.34% from
$365.613 million to $970.948 million
• Petroleum crude worth $319.548 million was imported
compared to $459.953 million in the July of last year
• Showing negative growth of 30.52%
• Import of natural gas decreased by 18.41% from by going
down from $365.877 million last year to $298.505 million
in July 2019
• Import of petroleum gas decreased by 38.3%,
decreasing from $4.239 million to $6.871 million
• Declined because
Decrease in arrival of furnace oil
Machinery
Electric equipment
Palm oil
Textiles
• Also because of
Falling global demand
Weakening consumer and business sentiment