NA panel discusses two, three-wheel manufacturers’ issues

Meeting discusses increase in annual renewal fees from Rs10,000 to Rs1m

LAHORE:

The 17th meeting of National Assembly Standing Committee on Industries and Production was held at Sazgar Engineering Works Limited on Raiwind Road to review the issues being faced by the two- and three-wheel vehicle manufactures.

The meeting discussed the increase in annual renewal fees of three-wheel vehicles such as auto Rikshaw/motorcycle Rikshaw and loader vehicle from Rs10,000 to Rs1 million and increase in new model licensing fees from Rs15,000 to Rs2 million.

The standing committee was led by its Chairman Sajid Hussain Turi while the members included Nasir Khan Mosazai, Syed Mobeen Ahmad, Sahibzada Sibgatullah, Aliya Hamza Malik, Uzma Qadri, Usama Qadri and others.

The Ministry of Industries and Production's Engineering Development Board (EDB) has recently recommended waiver of additional customs duty on import of complete knockdown units of rickshaws while the additional customs duty has also been abolished by the government for small cars up to 1,000cc.

During the meeting, the reduction in sales tax from 17 per cent to 12.5 per cent on vehicles up to 1,000cc to benefit end consumer in budget 2021-22, increase in annual licence renewal fees by the Punjab Transport Authority and the rickshaw manufacturers' demands about exemption in extension of this reduction to low-cost vehicles including rickshaws, were also reviewed.

The recommendations of the standing committee would be forwarded to the authorities concerned by the EDB.