Following an increase in the general sales tax, one of the players in the two-wheeler segment in Pakistan — Yamaha Motor — also notified an increase in the rates of its motorcycles.
It should be noted that this is the second time the company has increased rates since the start of 2023, as the two-wheel maker increased motorcycle prices between the range of Rs3,000 to Rs3,500.
The new rates came into effect on February 21 (Tuesday).
Following are the new retail selling price (ex-factory):
Model
Retail price (exclusive of sales tax)
Sales tax — 18%
Retail price (inclusive of sales tax)
Previous price (inclusive of 17% GST)
YB125Z (Red, Black)
Rs261,440.68
Rs47,059.32
Rs308,500
Rs305,500
YB125Z DX (Red/Black/Blue)
Rs280,084.75
Rs50,415.25
Rs330,500
Rs327,000
YBR125 (Red, Black, Blue)
Rs287,711.86
Rs51,788.14
Rs339,500
Rs336,000
YBR125G (Red, Black)
Rs299,152.54
Rs53,847.46
Rs353,000
Rs349,000
YBR125G (Matt Dark Gray)
Rs301,694.92
Rs54,305.08
Rs356,000
Rs352,500
According to the Finance (Supplementary) Bill 2023, which was stamped by the National Assembly a day earlier — it was announced that the general sales tax (GST) rate had been increased to 18%.
Following an increase in GST, several industries and sectors raised the prices of goods and services.
Amid the ongoing economic crisis, Pakistan’s automobile sector has been hit hard owing to problems with the opening of letters of credit, arising due to the rapidly depleting foreign exchange reserves and a weakening rupee.
