PakistanTech and Telecom

Laptops and computers in Pakistan will cost more because the sales tax on them has doubled

Laptops and computers in Pakistan will cost more because the sales tax on them has doubled: In the budget for the fiscal year 2024-25, the federal government of Pakistan has chosen to raise the sales tax on PCs and laptops. The tax rate will increase from 5% to 10%. This means that when people buy PCs or laptops, they will now have to pay more in taxes. The government made this decision to collect more money as revenue.

Raising the sales tax from 5% to 10% will directly impact the prices of PCs and laptops. For example, if a laptop previously cost Rs. 50,000, with a 5% tax, the total price would be Rs. 52,500. With the tax now at 10%, the same laptop would cost Rs. 55,000 instead.

This change is part of the government’s plan to increase its income by collecting more taxes from the sale of electronic devices. It is expected to affect consumers who plan to buy PCs or laptops, as they will now need to budget for higher prices due to the increased tax rate.

Furthermore, Finance Minister Muhammad Aurangzeb has announced substantial salary hikes for government employees, with increases of up to 25%. Retired government workers will also receive higher pensions, raised by 15%. Additionally, the minimum monthly wage has been raised from Rs 32,000 to Rs 37,000.

Even though the government is dealing with financial challenges, it aims to ease the difficulties faced by its employees by implementing these salary and pension increases. These measures are part of a broader strategy to improve the financial situation and offer better support to workers in the public sector across Pakistan.

The salary increases mean that government employees will earn more money each month. For instance, if someone was earning Rs 50,000 before the increase, with a 25% raise, they would now earn Rs 62,500. Retirees who rely on pensions will also benefit from a 15% increase, which will provide them with more financial security in their retirement.

Raising the minimum monthly wage from Rs 32,000 to Rs 37,000 means that workers who earn the least in government and public sector jobs will now have a higher baseline income. This change is expected to improve their standard of living and help them meet their basic needs more comfortably.

These adjustments reflect the government’s efforts to prioritize the welfare of its employees and retirees, despite the financial pressures it faces. By enhancing salaries and pensions, the government aims to boost morale among its workforce and ensure better financial stability for public sector workers in Pakistan.

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