Sunday, July 14, 2024

Laptops and Computers in Pakistan to Become More Expensive as Sales Tax Doubles

In the budget for 2024-25, the federal government of Pakistan has decided to double the sales tax on PCs and laptops, increasing it from 5% to 10%. This change is expected to result in higher prices for these electronic devices, aiming to generate more revenue for the government.

Moreover, Finance Minister Muhammad Aurangzeb announced significant increases in salaries for government employees, with raises of up to 25%. Retirees will also see their pensions increase by 15%. Additionally, the minimum monthly wage has been raised from Rs 32,000 to Rs 37,000.

Despite facing financial difficulties, the government’s goal is to alleviate the challenges that its employees are facing by implementing these salary and pension increases. These measures are part of broader efforts to improve financial conditions and provide better support to public sector workers in Pakistan.

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