Tag: price cut

  • Pak Suzuki cuts Swift prices by up to Rs710,000

    Pak Suzuki cuts Swift prices by up to Rs710,000

    Pak Suzuki Motor Company has recently announced a significant reduction in prices for its Swift variants, marking what the company terms a “limited time offer.” The decision comes amidst considerations of prevailing market dynamics.

    According to the official announcement released by the company, effective May 1, 2024, the promotional retail sales prices for Suzuki Swift have been revised.

    Notably, this adjustment aims to make the Swift models more accessible to consumers.

    Under the new pricing scheme, the Swift GL MT is now priced at Rs4,336,000, reflecting a notable decrease of Rs85,000 from its previous rate of Rs4,421,000.

    Similarly, the Swift GL CVT is set to be available at Rs4,560,000, marking a substantial decline of Rs159,000 from its former price of Rs4,719,000.

    The most significant price reduction is observed in the Swift GLX CVT variant, which has seen a substantial drop from Rs5,429,000 to Rs4,719,000, translating to a decrease of Rs710,000.

    Importantly, the revised retail prices include Federal Excise Duty (FED) and Sales Tax, while they exclude Advance Income Tax, as outlined in the official notice.

    This move by Pak Suzuki Motor Company underscores its commitment to adapt to market conditions and provide value to customers through competitive pricing strategies.

  • Toyota Yaris prices reduced by up to Rs133,000

    Toyota Yaris prices reduced by up to Rs133,000

    Indus Motor Company, the manufacturer of Toyota vehicles in Pakistan, has announced a significant price adjustment for its Yaris sedan range.

    This adjustment, effective from Thursday, reflects a reduction in prices ranging from Rs73,000 to Rs133,000.

    The revised pricing structure for the Yaris lineup is as follows: the 1.3 MT LO, 1.3 CVT LO, and 1.3 MT Hi variants will now be priced at Rs4.326 million, Rs4.616 million, and Rs4.586 million, respectively, representing a reduction of Rs73,000 for each model.

    Additionally, the price of the Yaris CVT Hi has been lowered by Rs133,000 and is now priced at Rs4.766 million.

    According to Business Recorder, this decision comes in response to the recent imposition of a 25 per cent sales tax on vehicles priced above Rs4 million.

    By implementing these price cuts, Indus Motor Company aims to ensure that the Yaris remains within the 18 per cent sales tax bracket.

    Initially, the government’s decision to raise the sales tax was targeted at vehicles with engine sizes of 1,400 cc and above, as well as those priced above Rs4 million.

    However, it later extended to include SUVs below the 1,400cc threshold, prompting manufacturers to advocate for a Rs4 million price cap.

    As a consequence of this tax adjustment, certain models from Toyota, Honda, and Suzuki are now subject to the increased sales tax regime.

  • Petrol price slashed by Rs8 to Rs262 per litre for next fortnight

    Petrol price slashed by Rs8 to Rs262 per litre for next fortnight

    In a televised address on Wednesday, Finance Minister Ishaq Dar announced a significant reduction in the prices of petroleum products by the federal government.

    Effective from 12 am tonight, the price of petrol will be lowered by Rs8 per litre, bringing it down to Rs262 per litre. Similarly, the price of diesel will be reduced by Rs5 per litre, making it Rs253 per litre.

    Minister Dar said that these revised prices would remain unchanged for the next fortnight, providing stability and predictability for consumers. He further stated that this reduction in prices is part of a cumulative effort, as the government has already decreased the prices of petrol and diesel by Rs20 and Rs35 per litre respectively throughout the month of May.