Pakistan's 'mini-budget': Smartphones, flights, furniture, food, toiletries...everything's expensive!

Pakistan's mini-budget 

Pakistan FM Ishaq Dar tabled the Finance (Supplementary) Bill 2023 in the National Assembly to generate PkR 170 billion in additional revenues in four months in order to secure the IMF bailout package

Petrol prices in Pakistan 

The petrol price has skyrocketed to PkR 272 per litre due to the Pakistan rupee's devaluation against the dollar, Pakistan's Finance Division said

Hiked prices of diesel,
kerosene oil 

The price of high-speed diesel has been increased to PkR 280 per litre. The price of kerosene oil was hiked to PkR 202.73 per litre. Light diesel oil is available at PkR 196.68 per litre

Sales tax increased in Pakistan 

Sales tax on general items has been increased to 18% from 17%. The Finance Bill proposed to increase GST from 17% to 25% on 33 categories of goods covering 860 tariff lines

Sales tax on mobile
phones hiked 

Sales tax on mobile phones with a value exceeding US$500 will be set at 25%, against 17% earlier

Chicken, egg, milk & flour
turn costly 

Essential items such as wheat flour, rice, egg, milk, chicken, and vegetable, were exempted from the tax hike. But due to high inflation, broiler chicken cost PkR 480 to PkR 500 per kg and milk packet costs PkR 210 per litre

Price hike of cigarettes 

The federal excise duty n expensive brands of cigarettes has gone up from PkR 6.5 per cigarette to PkR 16.5. For less expensive brands, the price per stick has been increased from PkR 2.55 to PkR 5.05

Excise duty on aerated
water, sugary drinks 

Federal Excise Duty on aerated water was increased to 20% from 13%. Federal excise duty on sugary drinks was introduced at 10% of the retail price

Excise duty on air travel 

Federal excise duty on air travel was hiked 20% of the airfare or PKR 50,000 per ticket, whichever is higher from the earlier held PkR 50,000 per ticket

Sales tax on imports 

A 25% sales tax will be imposed on food imports like confectionary, jams, fish, sauces, ketchup, fruits and dry fruits, preserved fruits, cornflakes, frozen meat, juices, pasta, aerated water, ice cream, and chocolates

Home appliances, cosmetics,
shoes and chandeliers 

Items such as home appliances, cosmetics, crockery, pet food, private weapons and ammunition, shoes, chandeliers and lighting, headphones and loudspeakers, doors and window frames, automobiles and toiletries, will attract 25% sales tax 

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Produced by: Basudha Das 
Designed by: Mohsin 

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