Wed. Jun 12th, 2024

Meri Gari Scheme Making Car Ownership Affordable in Pakistan

Owning a car is a significant milestone for many individuals in Pakistan. However, the high upfront costs and financing challenges can make it seem unattainable. Introduced in 2021, the Prime Minister’s Meri Gari Scheme aims to make car ownership more accessible to the general public. Here’s a detailed overview of the scheme and how you can benefit from it in 2024. Read:Ehsaas Program WhatsApp Group Link for A New Initiative to Assist Beneficiaries


Table of Contents

  1. What is the Meri Gari Scheme?
  2. Meri Gari Scheme 2024 Application Form
  3. How to Apply for a Car Loan Under the Meri Gari Scheme
  4. Important Considerations Before Applying
  5. FAQs
  6. Conclusion

What is the Meri Gari Scheme?

The Meri Gari Scheme is not a direct loan program provided by the government. Instead, it focuses on making smaller, fuel-efficient vehicles more affordable through tax reductions and duty exemptions. Here are the key benefits:

  • Reduced Taxes and Duties: The scheme significantly reduces import duties and taxes on vehicles with engines up to 850cc. This includes exemptions from customs duty, additional customs duty, and federal excise duty. Moreover, the general sales tax (GST) on locally manufactured small cars was reduced from 17% to 12.5%.
  • Lower Cost of Cars: These tax breaks lead to a lower overall price for small cars, making them more attractive to budget-conscious buyers. This can result in substantial savings, particularly for first-time car owners.
  • Boost to Auto Industry: The scheme aims to stimulate the auto industry by encouraging the production and sale of smaller, more affordable vehicles. This can benefit car manufacturers, create jobs, and contribute to overall economic growth.

                                    Meri Gari Scheme Making Car Ownership Affordable in Pakistan

  • Meri Gari Scheme Making Car Ownership Affordable in Pakistan
    Meri Gari Scheme Making Car Ownership Affordable in Pakistan

Meri Gari Scheme 2024 Application Form

While the initial announcement for the Meri Gari Scheme was made in 2021, it was intended to be an ongoing initiative. As of March 2024, there have been no official announcements regarding its discontinuation. However, it’s always prudent to check for updates on government websites or consult financial institutions to confirm the scheme’s current status and any revisions to the tax benefits. Read:BISP Nashonuma June Payment Essential Information

Details for 2024:

  • Application Form: Available on government portals.
  • Eligibility: Open to all Pakistani citizens.
  • Customs and Duties: Abolished for cars up to 850cc.
  • Federal Excise Duty: Removed.
  • General Sales Tax: Reduced to 12.5%.

How to Apply for a Car Loan Under the Meri Gari Scheme

  1. Check Eligibility: Ensure you meet the criteria set by the government and financial institutions.
  2. Download Application Form: Visit the official government website or financial institution’s site to download the form.
  3. Submit Documents: Complete the application form and submit it along with necessary documents such as CNIC, income proof, and vehicle details.
  4. Approval and Disbursement: Upon approval, the loan amount will be disbursed for purchasing the vehicle.

Important Considerations Before Applying

  • Interest Rates: Compare the interest rates offered by different financial institutions.
  • Repayment Terms: Understand the repayment terms and conditions to ensure they fit your financial situation.
  • Vehicle Selection: Choose a vehicle that falls within the scheme’s criteria to maximize benefits.
  • Additional Costs: Be aware of any additional costs such as insurance, registration, and maintenance. Read:Apna Rozgar Rickshaw Scheme Empowering the Unemployed


Q1: Who is eligible for the Meri Gari Scheme?
A: All Pakistani citizens are eligible to apply for the scheme.

Q2: What types of vehicles are covered under the scheme?
A: The scheme covers vehicles with engines up to 850cc.

Q3: How much is the general sales tax reduced to?
A: The general sales tax is reduced to 12.5% for locally manufactured small cars.

Q4: Are there any customs duties on these vehicles?
A: No, customs duties have been abolished for vehicles up to 850cc.

Q5: Where can I find the application form?
A: The application form can be downloaded from the official government website or financial institutions’ websites.


The Meri Gari Scheme is a significant step towards making car ownership more accessible for the average Pakistani. By reducing taxes and duties on small, fuel-efficient cars, the scheme aims to lower the overall cost and stimulate the auto industry. If you’re considering purchasing a vehicle, exploring the benefits of this scheme could be a financially wise decision. Always ensure to stay updated with the latest information from official sources to maximize your benefits.


By Iqra

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