Connect with us

Hi, what are you looking for?


Countless consumer items become dearer after increase in tax rates

ISLAMABAD: The prices of countless consumer items whether imported or locally made have become dearer after the coalition government increased the rate of taxes to meet another important demand of the IMF on Wednesday.

The Federal Board of Revenue (FBR) today issued an SRO, enhancing the rate of GST to 18 percent from the existing standard rate of 17 percent.

Additionally, the GST on many consumer items falling under luxury items will increase to 25 percent.

Meanwhile, cigarettes will become more expensive with increase in the rate of tax the FBR announced today.

According to the Ministry of Finance, the new taxation measures will mop up about 60 billion rupees of additional tax revenues by June 2023.

As per available details, most important consumer items such as edible oil, ghee, biscuits, spices, jam, jelly, noodles, toys, chocolates, and coffees falling under the category of packed items will become expensive with effect from Feb 14.

The FBR’s new notification will also apply to make-up products, shaving foam, gel, cream, blades, shampoo, cream, lotion, soap, and toothpaste.

With an increase in GST percentage TV, LED, LCD, smartphones, iPods, computers, laptops and gadgets, juicers, blenders, shakers, and other electronic items will become more expensive.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.


Islamabad police register criminal cases against PTI leaders, and activists for vandalism at judicial complex ISLAMABAD: Islamabad police registered criminal cases against PTI leaders...


IMF’s cat of ‘long-range missiles’ is out of bag: Dar snubs demand to end Shaheen-III missiles ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar has...


When fans become so obsessive that the line between the actor and the character they play becomes blurred, it can lead to fanaticism. Actor...


Pakistan-China vow to strengthen their bilateral ties at BPC in Beijing ISLAMABAD/BEIJING: Pakistan and China vowed to further strengthen their bilateral ties at a...