Are the prices of laptops and mobile phones going to come down?
Share
1 Answer
You must login to add an answer.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
You must login to add an answer.
English 
العربية
Based on the latest information, it appears that the prices of laptops and mobile phones in Pakistan are likely to increase, at least in the short to medium term, rather than come down. Here's why: * Budget 2024-25 Tax Hikes: The federal budget for the fiscal year 2024-25 has proposed significant taRead more
Based on the latest information, it appears that the prices of laptops and mobile phones in Pakistan are likely to increase, at least in the short to medium term, rather than come down.
See lessHere’s why:
* Budget 2024-25 Tax Hikes: The federal budget for the fiscal year 2024-25 has proposed significant tax changes that will directly impact the prices of these electronics.
* Mobile Phones: An 18% sales tax has been proposed on various categories of mobile phones.
* Laptops/Computers: The sales tax on computers and laptops is set to double from 5% to 10%.
These tax increases are aimed at bolstering government revenue, but the direct consequence will be higher prices for consumers.
While there’s a general positive outlook on Pakistan’s economy with signs of improvement and a projected growth in fiscal year 2025, factors like the new taxes on electronics are specifically designed to increase their cost.
It’s important to note that various other factors can influence electronics prices, including:
* Global supply and demand: Any disruptions or changes in global production and demand can affect prices.
* Currency exchange rates: Fluctuations in the Pakistani Rupee against major currencies (like the USD) directly impact import costs.
* Import duties and regulations: Beyond sales tax, other import duties can also contribute to the final price.
* Technological advancements: Newer models and technologies can initially be more expensive, while older models might see price drops.
* Market competition: Intense competition among brands can sometimes lead to price adjustments.
However, the recently proposed budget changes are a strong indicator that prices will trend upwards for the time being.