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Business & Finance

Cost of these items increase after budget

  ISLAMABAD: Finance Minister Ishaq Dar is presenting budget for the upcoming fiscal year 2017-18 – and last
Published May 26, 2017

 

ISLAMABAD: Finance Minister Ishaq Dar is presenting budget for the upcoming fiscal year 2017-18 – and last of the Pakistan Muslim League (Nawaz) government.

According to budget-2017, the government has set an ambitious GDP growth target at 6 percent. “This is the fifth budget being presented by the PML-N government, and this is an achievement for democracy,” the finance minister said in his opening remarks.

As a result of additional tax at least 400 imported items including cosmetics, cell phones, cigarettes, imported drinks and electronics will become more expensive.

Following is a list of items that will turn costlier:

                1. Cosmetics (lipsticks, lotions, perfumes, skin creams, face creams, face powders etc.
                2. Honey
                3. Imported yogurt and other canned food
                4.  Frozen Mangoes
                5.  Mineral water
                6. Imported juices, drinks and fruits
                7. Auto parts
                8. Electronics (mobile phones, fridge, TV, water dispenser, microwave oven, electric table, dishes, receivers)
                9. Cigarettes
                10. Pet food
                11. Chocolates

Copyright Business Recorder, 2017

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