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.
Here’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.
As of June 10, 2025, the Pakistani federal government is expected to unveil the Budget 2025-26 today, and proposals for salary increases for government employees are a key part of it. Here's a summary of the expected increases and proposals: * General Salary and Pension Increase: A 10% increase in sRead more
As of June 10, 2025, the Pakistani federal government is expected to unveil the Budget 2025-26 today, and proposals for salary increases for government employees are a key part of it.
See lessHere’s a summary of the expected increases and proposals:
* General Salary and Pension Increase: A 10% increase in salaries and pensions for government employees is widely proposed.
* Disparity Allowance: A 30% disparity allowance has been proposed for employees in Grades 1-16, with the possibility of it being integrated into their basic pay.
* Higher Grades: A 15% pay raise has been suggested for employees in Grades 17-22.
* Ad-hoc Relief Allowance Merger: Authorities are also considering merging the 2022 ad hoc relief allowance into basic pay, which would result in a permanent increase and impact future raises and pension calculations.
* Minimum Wage: The minimum wage is also expected to be increased.
* Other Proposals: Some proposals also include a 15% increase in disparity allowance for Grades 1-16, applicable to Grades 17-22. There have also been demands for a 50% increase in salaries and a 100% increase in pensions by the Pakistan Peoples Party (PPP).
It’s important to note that these are proposals and the final decisions will be made during the federal cabinet meeting and announced as part of the official budget for the fiscal year 2025-26.