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Peugeot Car Prices Increase February 2023
21 Feb 2023 
629 
Peugeot Car Prices Increase February 2023
Peugeot Pakistan has announced an increase in the prices of two variants of its popular crossover SUV, Peugeot 2008. The company shared the updated prices of the two variants through a social media post, citing the recent increase in the Sales Tax rate from 17% to 18% as the reason behind the price hike. According to the post, these are the updated Peugeot 2008 prices.
Peugeot Cars New Prices
· The Peugeot 2008 Active variant'snew price is now Rs. 5,959,000, which is an increase of Rs. 51,000 from itsprevious price of Rs. 5,899,000.
· The Peugeot 2008 Allure variant'snew price is now Rs. 6,656,000, which is an increase of Rs. 57,000 from its previousprice of Rs. 6,599,000.
This is the second time the company has increased its prices in a month. In the previous increase on January 31, the rates were raised by Rs. 499,000. The latest price increase is a result of the government's decision to raise the GST by 1% in the mini-budget to fulfill the International Monetary Fund (IMF's) conditions for receiving the next loan installment.
The auto industry in Pakistan has been facing instability for the past few years due to several factors such as the increase in the US dollar exchange rate against the Pakistani rupee, a ban on imports, a rise in freight charges, and a lack of Letters of Credit (LCs) from the State Bank of Pakistan (SBP). These issues have led to non-production days in the auto industry, and a recent report indicates that over 250,000 individuals have lost their jobs in the industry.
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