Equity Analysis /

Pakistan Autos: Finance Bill extends incentives to include cars up to 1,000cc

  • The FY22 Finance Bill announced incentives for the Auto sector, such as reductions in FED and GST for cars up to 850cc

  • The Bill was later amended to include cars up to 1000cc; PSMC and LUCK are the main listed beneficiaries

  • We are Overweight on the Autos sector, with a Buy stance on PSMC (December 2021 TP of PKR450/sh)

Abdul Ghani Mianoor
Intermarket Securities
29 June 2021


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