ISLAMABAD — In a major move to rapidly accelerate the country’s green energy transition, the National Assembly Standing Committee on Finance has formally finalized explicit custom updates for the Finance Bill 2026. Led by Chairman Syed Naveed Qamar, the parliamentary panel has officially signed off on a 0% Federal Excise Duty (FED) structure for all fully electric vehicle (EV) imports carrying an invoice value below $75,000. Concurrently, to balance the fiscal framework, the committee approved a steep duty hike up to 92% on luxury fossil-fuel combustion engines exceeding 3000cc. Alongside these auto adjustments, FBR and PTA have been strictly tasked with building a monthly installment structure for non-compliant mobile devices to ease user registrations.
