Overview
- Mandatory third-party cover is slated to be enforced from the next financial year, with legal amendments to the Motor Vehicles laws to be tabled in the Sindh Assembly.
- Affordability and claims access will be strengthened through a stamp duty cut to Rs50, a sales tax reduction to 5%, standardized premiums, facilitation desks, a 24/7 helpline and surveyor support.
- Motorcycles are proposed to be exempt from the mandatory insurance requirement under the amendments under consideration.
- The cabinet cleared amendments to enable blockchain-backed digitisation of land records and e-transfer of titles, referring the bill to the Assembly after pilots in Matiari and Sukkur.
- Agreements with The Citizens Foundation will place 21 municipal schools in Malir, Chanesar and Lyari under its management for 25 years, with immediate renovation and free education for students.