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Budget 2024-25: Sugar, ghee, tea, make-up among items likely to become more expensive

Increase in GST on imported mobile phones too has been proposed in finance bill, say sources

Sugar, ghee, tea and make-up items are among many other products that are likely to become more expensive in the upcoming budget. 

Many products are likely to become expensive as the budget for the next financial year is expected to increase the sales tax.

While an increase in GST on imported mobile phones too has been proposed in the finance bill, say sources.

According to the sources, the increase in sales tax on sugar from 18 to 19 per cent may increase the price of sugar by Rs. 5 per kg.

Apart from this, ghee price is likely to be expensive by Rs 5 to 7, soap by Rs 2 to 5 and shampoo by Rs 15 to 20.

The coalition government is expected to lay out fiscal targets in the budget on Wednesday.

The analysts believe that the government will present such a budget that will help strengthen Pakistan’s case for a new bailout deal with the International Monetary Fund (IMF).

A meeting of the federal cabinet under the chairmanship of Prime Minister Shahbaz Sharif was held, in which various aspects of the budget for the next financial year were considered, the decisions of the ECC were approved and the federal budget for the next financial year will be presented tomorrow. 

 

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