Islamabad: (RightNow). Negotiations between Pakistan and the IMF on the Auto Policy 2026-31 remain unresolved. The IMF has requested additional data.

During a briefing, the IMF delegation was informed that the sales tax on electric vehicles will be 1%, while hybrid vehicles will face up to 18%.

Discussions with the IMF also covered vehicle exports, with a target set at $3 billion.

It is important to note that the new auto policy aims to reduce vehicle prices and boost exports.

The policy targets saving $17 billion in foreign exchange from 2026 to 2031.