LAHORE: After the approval of the budget proposal from the Punjab Assembly by a majority vote, the provincial government announced a new tax measure on vehicle registration which increased the excise registration fee for cars and motorcycles including Honda CD 70, Honda CG 125, and Pridor.
The Punjab government has announced the imposition of a heavy traffic challan for those who ride a non-registered motorcycle or any other vehicle. The applicant is required to pay a certain fee to get the motorbike registered with the department.
The Honda CG 125 dominates the streets of Pakistan, serving as the most economical Japanese two-wheeler option for daily commuters due to its reliable engine performance, durable build, and fuel efficiency.
Despite the passage of decades, Atlas Honda has maintained the iconic frame and engine of the Honda CG 125, with minor updates such as new tank designs and side stickers introduced annually.
Apart from motorbikes, Honda also continues to lead other automakers because of its solid reputation for building dependable and safe vehicles including Honda City, Honda Civic, and BR-V.
The registration fee for motorcycles and scooters has been set at Rs 1500, with an additional 10% annual fee for registration transfer within 10 years. The new registration fee will come into effect from July 1, 2024.
For cars under 1000cc, the excise would begin collecting a Rs20,000 registration cost in addition to a 10% yearly transfer fee.
For cars with 1000cc to 2000cc engines, the registration charge is 0.02 percent of the purchase price; for cars with engines larger than 2000cc, it is 0.03%.
