Thursday, July 10, 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

inDrive Reports 57% Surge in Courier Partners in Pakistan Amid Push for Fair Earnings and Flexibility

inDrive, the global mobility and urban services platform, has...

Eighteen Welcomes You” Campaign: A Milestone in Modern Living

Eighteen, Pakistan’s premier luxury real estate development, proudly announces...

Mehwish Salman Ali elected President of CxO Global Forum USA Chapter

Mehwish Salman Ali, visionary CEO and Co-Founder of Zahanat...

NEPRA Slashes K-Electric Tariffs by Rs4.03, DISCOs by 50 Paisa

The National Electric Power Regulatory Authority (NEPRA) has greenlit...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!