The federal government’s new fiscal measures under the Finance Act 2025, supported by recently issued SROs, have led to a substantial reduction in duties on imported vehicles, resulting in significant price drops for various high-end SUVs in Pakistan.
The amendments include cuts in Customs Duty (CD), Regulatory Duty (RD), and Additional Customs Duty (ACD), with the ACD alone reduced from 7% to 6%, thereby decreasing the overall import cost for luxury vehicles.
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These changes are now reflected in the market, with a visible decline in the prices of premium imported SUVs such as the Toyota Land Cruiser LC300, LC200, Prado LC150, and Lexus LX570/LX600.
For instance, the Prado LC150 has seen price reductions ranging from Rs. 2.4 to 2.6 million for the 2020 model and Rs. 2.9 to 3 million for the 2021 model. Similarly, the Lexus LX570 experienced a drop of Rs. 6.5 to 6.7 million for 2020 and Rs. 7.5 to 7.8 million for 2021.
In the Land Cruiser LC200 URJ 202 Series, the 2020 URJ 202-ZX variant dropped by Rs. 4.1 to 4.2 million, while the 2021 model saw a cut of Rs. 4.7 to 4.8 million. The 2020 URJ 202-AX variant declined by Rs. 3 to 3.2 million, and the 2021 version decreased by Rs. 3.5 to 3.7 million.
The Land Cruiser LC300 has also seen notable reductions. The AX model from 2021 to 2023 has dropped by Rs. 3.7 to 5.5 million, while the ZX variants from 2021 to 2024 have decreased by Rs. 4.9 to 8 million, depending on the year.
These revised prices are expected to drive increased demand among affluent buyers and car importers, while promoting formal vehicle imports and discouraging the exploitation of amnesty schemes.
