Plan to retain subsidized sales tax rate on electric vehicles in new auto policy submitted to IMF. 📌 Key Highlights & Quick Takeaways: The federal government has submitted a tax revenue alternative plan to the International Monetary Fund (IMF) in order to maintain a one perc. Sources say that the IMF had demanded that the sales tax on electric vehicles be increased from one percent to 18 percent. The government wants to maintain the one percent concessional sales tax rate to promote electric vehicles and the government team had assure. The federal government has submitted a tax revenue alternative plan to the International Monetary Fund (IMF) in order to maintain a one percent discount sales tax rate on electric vehicles and electric vehicles in the new auto policy. Sources say that the IMF had demanded that the sales tax on electric vehicles be increased from one percent to 18 percent. The government wants to maintain the one percent concessional sales tax rate to promote electric vehicles and the government team had assured the IMF of raising additional revenue through alternative sources. Sources say that the government has submitted the draft of the new auto policy approved by the prime minister along with an alternative tax revenue plan to the IMF, which has brightened the possibility of getting Rs 85 billion sales tax relief for electric vehicles. Sources say that under the alternative tax revenue plan, a proposal to increase the sales tax to 1% on electric vehicles worth up to 75,000 dollars is under consideration. Official Wire Source & Legal Disclaimer Read ▼ 📰 Official Source & Legal Provenance: Express News Documented Wire Record Editorial & Legal Notice: Ingested and verified from official journalistic wire (Express News) under applicable press regulations. Full primary documentary sources are permanently archived.