According to the resources, the tax on imported mobile phones will be increased in the upcoming Federal budget. Duty on luxurious imported mobile devices worth more than $100 will be surged, making smartphones highly expensive.
Most likely iPhone 13 price will be Rs.541,999, iPhone 14 will be Rs. 805999. Just like iPhone, most probably the price of Samsung s22 will be Rs. 532999 and Samsung s23 will be Rs. 600000.
As per the sources, imported phones, iPods, headphones, speakers, imported chocolates, and other luxury items which are nonessential are likely to get expensive in the impending budget. The sales tax on cosmetics will sustain at 25%. Moreover, the tax will also be increased on LEDs, chandeliers, and bulbs.
So, if you were thinking of buying a new expensive mobile phone, you might want to purchase it before the budget announcement and save yourselves a huge amount. The effect of this budget on inflation and the economic situation of the country is yet to be evaluated.
