Pakistan What things became cheaper in the budget?
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Based on the most recent information about Pakistan's budget (Fiscal Year 2025-26), here's what is expected to become cheaper, alongside what is expected to become more expensive: Expected to become cheaper: * Cigarettes and beverages: The budget has proposed a reduction in taxes on these items, whiRead more
Based on the most recent information about Pakistan’s budget (Fiscal Year 2025-26), here’s what is expected to become cheaper, alongside what is expected to become more expensive:
See lessExpected to become cheaper:
* Cigarettes and beverages: The budget has proposed a reduction in taxes on these items, which could make them cheaper. This is a change from the old trend of increasing taxes on cigarettes every year.
* Dining out (with digital payments): In the previous budget (FY24), the tax rate for dining out through debit/credit cards, mobile wallets, or QR scanning was reduced from 15% to 5%. This makes dining out cheaper if digital payment methods are used.
* Solar energy products: The previous budget also announced an exemption on customs duty for raw materials used in the production of solar energy products (inverters, solar panels, and batteries). This was aimed at promoting renewable energy and reducing costs for consumers.
Expected to become more expensive:
* Snacks and sodas: The budget proposes excise duty on items like chips, biscuits, cold drinks, and ice cream.
* Frozen meat, sauces, and cooked meals: A 5% excise duty is also proposed on these items.
* Processed items: Excise duty is proposed on several processed items.
* E-commerce: An 18% sales tax is proposed on e-commerce.
* Local vehicles up to 850 cc: The General Sales Tax (GST) rate is proposed to be increased from 12.5% to 18%, which may make small vehicles more expensive.
* Imported solar panels: An 18% sales tax is proposed on imported solar panels to promote domestically manufactured ones.
It’s important to note that the budget details are still being finalized, and the actual impact on prices may vary.