Lahore (PR): Pakistan Automobile Assemblers Dealers Association (PAMADA) has suggested that an additional tax be imposed on new cars.

According to the association, the proposed tax would be a transfer tax that would be on the purchase of new cars within three months of buying the vehicle. The reason for this tax proposal was the aim of being able to control high own rates that are partly to blame for the high premiums that one has to pay to get a new car in the market.

PAMADA chairman said that investors have a tendency to exploit customers with high own rates when they ask for early delivery of the vehicles they have purchased. No premium would exist if the customers booked their vehicles and made sure they were delivered as fast as possible according to the companies’ schedules.