Auto manufacturers in Pakistan usually make too much delay in Car delivery, hence for providing some relief the Government of Pakistan has announced Auto Policy 2021-2026 and issued SRO 837(1)/2021 whereby in the case of late delivery the following condition / penalties have been imposed upon the car assembler :-

“The importer-cum-assembler or Original Equipment Manufacturer (OEM) shall pay KIBOR+3 per cent per annum to the customer against late delivery exceeding 60 days of initial booking on the whole of the deposited amount. Statement/details of reimbursement at KIBOR+3 per cent against deliveries beyond 60 days shall be submitted to EDB or Input-output Coefficient Organization (IOCO).”