Pakistan Railways Announces 25% Eid-ul-Adha Fare Discount
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According to a spokesperson from Pakistan Railways, the discounted fares will be available exclusively for current bookings on regular passenger trains.
LAHORE: In a gesture aimed at facilitating travelers during Eid-ul-Adha, Pakistan Railways has introduced a significant 25% discount on fares across all classes of passenger trains. The discount will be applicable for all three days of Eid, marking a generous initiative by the railway authorities to accommodate the festive travel rush.
According to a spokesperson from Pakistan Railways, the discounted fares will be available exclusively for current bookings on regular passenger trains. However, passengers opting for Eid special trains will not be eligible for the discount.
Read More: Eidul Azha 2024: Punjab govt employees to get advance salaries
This announcement comes as a welcome relief for passengers planning to travel during the Eid holidays, encouraging more individuals to opt for train travel amidst the festive season. Pakistan Railways remains committed to providing accessible and convenient transportation options for all travelers across the country.
Budget 2024-25: Imported used cars to become more expensive
The government of Pakistan planned increasing regulatory duty on imported used cars in the upcoming budget 2024-25, in another bid to boost local automobiles.
It has been learnt that 30 percent rise in regulatory duty has been proposed for cars with engine capacities exceeding 1800cc, which could raise the duty uptp to 100 percent.
Additionally, 15 percent duty is proposed for used vehicles with engine capacities up to 1800 cc. Meanwhile, both new and old hybrid vehicles up to 1800 cc will remain duty-free.
The proposed increase comes in response to a 255 percent surge in car imports last year due to low regulatory duties.
In a blow to local automakers, cars worth $210 million were imported, while Rs170 billion was spent on car parts for local assembly, with Rs600 million spent on foreign exchange to procure these parts from international markets.
Local auto industry invested about billions and contributed about Rs400bn in taxes in FY2022 alone, besides creating job opportunities.
As many as 3213 units were imported in February 2024 alone, against 396 units imported in the same month in the FY 2023, amounting to a staggering 713 per cent increase.
Amid surge in increasing imports of used cars into the country, their share has already increased to 30 per cent in the current Financial Year 23-24, up from 4 per cent in the entire Financial Year 22-23.