The Federal Board of Revenue (FBR) has issued a Letter of Intent to Honda Atlas Cars (Pakistan) Limited to purchase 1,010 Honda City 1.2L CVT vehicles at an estimated cost of Rs. 6 billion.
The purchase will be made in two phases. FBR said it will pay Rs. 3 billion upfront for the purchase (as full payment for 500 units and partial payment of the balance amount for the remaining 510 units) and the balance payment will be made as and when delivery of the first batch is completed i.e. 500 vehicles.
The first payment will be made once the pre-receipted bill is received, FBR added.
Delivery is scheduled between January and May 2025.
According to the official document, the procurement includes several value-added features for the cars at no additional cost, such as a navigation system with a reverse camera, a high-grade interior, free periodic maintenance for up to 20,000 km or 12 months, and an extended warranty of four years or 100,000 km. FBR has demanded installing a tracking system in each car with a one-year service charge and a discounted subscription renewal fee.
FBR will first receive 75 vehicles in the current month, then 200 in February, 225 in March, 250 in April, and finally the remaining 260 vehicles in May 2025.