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

ISLAMABAD: In a recent announcement regarding the budget for the fiscal year 2024-25, the federal government of Pakistan has decided to implement a significant change that will affect the prices of electronic devices. The sales tax on personal computers (PCs) and laptops will be doubled, increasing from the current 5% to 10%. This move is expected to lead to higher costs for these gadgets, a step aimed at boosting the revenue for the government.

Higher Prices for PCs and Laptops

The decision to double the sales tax on PCs and laptops is part of the government’s strategy to generate more income. For students, professionals, and families who rely on these devices for education, work, and entertainment, this change means they might have to spend more. A laptop or computer that currently costs Rs 50,000, for example, will see an additional Rs 2,500 added due to the increased tax, making it Rs 52,500.

Government Employee Salary and Pension Increases

In addition to the tax hike on electronic devices, Finance Minister Muhammad Aurangzeb announced that government employees will also receive a substantial increase in their salaries. Salaries are set to rise by up to 25%, while retirees will see their pensions increase by 15%. This decision is part of a broader effort to support public sector workers who are struggling with financial difficulties.

New Minimum Wage

To further support workers, the minimum monthly wage has been increased from Rs 32,000 to Rs 37,000. This change aims to help workers cope with the rising cost of living and provide them with a better standard of living.

Balancing Financial Challenges

Despite facing its own financial struggles, the government is striving to make life easier for its employees and retirees. The salary and pension increases are intended to alleviate some of the financial burdens that these individuals face. These measures are part of the government’s broader efforts to improve financial conditions and provide better support to public sector workers in Pakistan.

Implications for the Public

While the increased sales tax on PCs and laptops might be a cause for concern for many, the government believes that the overall impact will be positive. By raising salaries and pensions, the government hopes to put more money in the pockets of public sector workers, which in turn could stimulate the economy. However, for those in need of new electronic devices, the higher costs might be a hurdle.

As Pakistan navigates its financial landscape, these changes highlight the government’s efforts to balance revenue generation with the need to support its employees and citizens. The impact of these measures will be closely watched in the coming months as the country adapts to the new fiscal policies.