Islamabad: (RightNow). The federal government has decided to exempt locally manufactured hybrid electric vehicles from sales tax. This decision applies to vehicles up to 2000cc that are produced locally.

The Ministry of Finance has announced amendments to the sales tax laws. Under this amendment, locally manufactured hybrid vehicles up to 2000cc will receive a sales tax exemption.

The Ministry of Finance issued a notification stating that the new amendment will take effect immediately. This move is expected to increase sales of local hybrid vehicles.

This decision is crucial for improving the national economy as it will strengthen the local industry. The production of hybrid vehicles locally is likely to be promoted.

It is noteworthy that this government initiative is part of efforts to tackle environmental challenges. Hybrid vehicles cause less pollution and save energy.