Sunday, June 29, 2025
-Advertisement-

Govt Eyes Higher Taxes on Imported Phones in Upcoming Budget

- Advertisement -

The federal budget for the next financial year 2024-25 is likely to see an increase in taxes on imported mobile phones.

According to media reports, a federal excise duty (FED) on imported mobile phones is being proposed, with gross assessment underway. Additionally, there is a suggestion to raise the Pakistan Telecommunication Authority (PTA) tax on luxury imported mobile phones. Currently, the General Sales Tax (GST) on imported mobile phones is up to 25 percent, and the upcoming Finance Bill proposes further increases in this GST, despite the existing high rate.

- Advertisement -

The reports indicate that these measures are part of new revenue-raising efforts, with a target of Rs2,000 billion in new revenue, marking a historic first for Pakistan.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

1 COMMENT

Latest stories

-Advertisement-

Highlights of the Week
Related

Muslim Socialist Zohran Mamdani Poised to Win NYC Mayoral Primary

33-year-old state legislator Zohran Mamdani is on track to...

Advergic Could Be the Most Important AdTech Update for Pakistan in a Decade

Advergic is the only ad tech company in Pakistan...

Pakistan Condemns US Strikes on Iran, Calls for UN-Led Ceasefire and Diplomatic Resolution

Pakistan has issued a forceful condemnation of recent US...

inDrive Becomes Pakistan’s Top-Ranked Ride-Hailing App on Google Play Store

inDrive, a global mobility and urban services platform, has...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!