Govt imposes duty on cheese, mobile phones and 568 other products

[Jinn Baba]

Fully support this! Just hope Pakistani companies can step up and replace these imports with domestically produced goods.

Is there a list available anywhere on what products the duty has been imposed on?

 

[A.P. Richelieu]

Only if wishes were horses!!
An excellent suggestion, may be someday some one with authority to do something about it will think about these things. However, imposing import duty is a good short term measure. I would say they should increase price of cigarettes by 4-5 times, same for mobile and other luxury products (50% increase may be)

Not neccessarily. There is an optimal tax rate. If you go above that, your tax income will start to decrease, either because people will stop buying the product, resulting in less tax, or people will start buying from smugglers.

 

[Abdussamad]

Glad I bought some cheese the other day Cheese inflation is the worst type of inflation!

You know if they really wanted to cut the import bill they would have targeted the things that make up a large portion of our imports. The largest portion, at 23%, is that of petroleum products imports. If we increased taxes on petrol, diesel and furnace oil we would not only earn more tax revenue but also cut down on imports. But the oil lobby is so strong in Pakistan that they tax cheese instead!

 

[Thorough Pro]

Higher prices for imported goods and the demand for low priced items will automatically attract local industry to manufacture these items in the country, generating more jobs, alleviating poverty and improving the economy besides reducing the need for foreign exchange for imports.

Instesd of imposing tarrifs set up indistry that competes...

Eg...we have the 2nd largest buffalo numbers on the planet and its the effing italians that lay a claim to buffalo mozzarella cheese. Come on.

 

[Hakikat ve Hikmet]

Every drop in import is a plus for Pak!!! I'm also counting on Pompeo/Bolton duo so that the Iranian oil gets into Pak in humongous quantities (and, local Baloch folks earn some extra bucks)!!! With 70% of the economy undocumented/untaxed, does the IK government need to look far for internal revenue generation?????

 

[Trango Towers]

Higher prices for imported goods and the demand for low priced items will automatically attract local industry to manufacture these items in the country, generating more jobs, alleviating poverty and improving the economy besides reducing the need for foreign exchange for imports.

Since 1947 when had that happened? Pakistanis are not entreprenaurial. They want easy money and if one starts a rikshaw they all want a rickshaw. If one starts a shop they all start a shop. If one sell toilet paper they all will follow...thats why toyota corolla is the car to have. Lol. Its sad that my peopel are like this but unless we address isues head on we cannot make changes

 

[Yaseen1]

it will result in economic slow down like u.s increases taxes on china but their stock market is going in loss and i think other countries may impose taxes on our exports in response.We should first start production of the products domestically and when production is enough to fulfill the demand domestically then take such steps

 

[suresh1773]

It will effect negatively unless smuggling isn't controlled. BTW why government isn't banning Indian products completely coming via UAE and smuggled from Afghanistan and Iran?

Why Indian products. What about products from other countries which are smuggled in Pakistan, should they be banned or not.

Glad I bought some cheese the other day Cheese inflation is the worst type of inflation!

You know if they really wanted to cut the import bill they would have targeted the things that make up a large portion of our imports. The largest portion, at 23%, is that of petroleum products imports. If we increased taxes on petrol, diesel and furnace oil we would not only earn more tax revenue but also cut down on imports. But the oil lobby is so strong in Pakistan that they tax cheese instead!

Why cheese inflation is the worst type of inflation, what about inflation in other things, hike in gas and Electricity

 

[ALi Rizwan]

2nd point buffalo milk produces buffalo mozarella. Cows dont come into it

Buffalo is not the only source and i told you earlier corporate sector Preferred imported cow due to higher milk yields. Can you name one corporate farm with Buffaloes excluding Sharif Dairies which only have some not all rest are all imported cows.

Third point...thats why govenment need to intervene as private enterprises are just greedy bastards. Give a fair price and make the cheese and sell it abroad at a huge margin. Everyone wins

What you want Govt. to do?
Industries are already crying due to high tariff prices and extra they spend for power(Gen,Maintenance,Fuel) & other direct/indirect taxes
& on other hand Govt. don't have money to run its daily business.
Second even imported cheese is sold in Pakistan. First Secured your home turf before jumping to import where we will face tough competition from multiple players.
Just to give you example we are no where near brazil when its comes to halal meat export to middle east.
although logistic cost and time both are not in their favor.

 

[Sugarcane]

Why Indian products. What about products from other countries which are smuggled in Pakistan, should they be banned or not.

Smuggling is illegal which should be controlled but I want ban on legally imported Indian products as well because non of current products in Pakistan are just drain of Forex.

 

[Samlee]

ISLAMABAD:

Following in the footsteps of its predecessor, the Pakistan Tehreek-e-Insaf (PTI) government on Tuesday notified the imposition of heavy regulatory duties on the imports of more than 570 products.
The step was taken to discourage their imports and generate additional minimum revenues of Rs20 billion.

The Federal Board of Revenue (FBR) issued the notification a month after the federal cabinet approved imposing duties on items that include cheese, vehicles, mobile phones fruits and vegetables.

Govt agrees to review taxes on shares trading

The additional revenue of over Rs20 billion that the government will generate this year by charging higher duties is part of Rs91 billion new taxes imposed through the mini budget.

The government has not even spared Christmas trees and baby bicycles from the levy of duties, also describing these items as luxury.

Through the Statutory Regulatory Order 1265, the FBR has targeted 570 tariff lines as part of the measures to curb the imports in an effort to lessen pressure on the external sector.

The development came despite the fact that all such measures have failed to yield the desired results in the past and the country booked a record current account deficit of $18 billion in the last fiscal year.

The duties will be charged over and above the up to 22% customs duties rates that will adversely hit the prices of the goods.

Govt starts tax drive without empowering FBR wing

Out of 570 tariff lines, the FBR has introduced duties on 80 items for the first time. Those are live animals, meat, fish, eggs, paper and paper board, motorcycles, bicycles that will now be subject to 5% to 10% of duties, according to the FBR.

On the remaining items, the FBR has significantly increased the duties. Some of the items are fish frozen & fish fillets, cheese, curd, fruits and nuts, juices, tobacco, motor cars.

https://tribune.com.pk/story/1827517/1-govt-notifies-duties-570-products/

I Heard They Put Duty On CKD Kits As Well That Is Wrong.That Would Impact Local Manufacturing

 

[suresh1773]

Smuggling is illegal which should be controlled but I want ban on legally imported Indian products as well because non of current products in Pakistan are just drain of Forex.

Smuggling should not be controlled but Smuggling should be banned and smuggled products should be confisticated by legal authorities, U are free to ban Indian products and also Pakistani exports to India.

 

[Trango Towers]

Buffalo is not the only source and i told you earlier corporate sector Preferred imported cow due to higher milk yields. Can you name one corporate farm with Buffaloes excluding Sharif Dairies which only have some not all rest are all imported cows.

What you want Govt. to do?
Industries are already crying due to high tariff prices and extra they spend for power(Gen,Maintenance,Fuel) & other direct/indirect taxes
& on other hand Govt. don't have money to run its daily business.
Second even imported cheese is sold in Pakistan. First Secured your home turf before jumping to import where we will face tough competition from multiple players.
Just to give you example we are no where near brazil when its comes to halal meat export to middle east.
although logistic cost and time both are not in their favor.

You are on about cow..

For god sake think man.

who in the world makes mozzarella from baffalos and your focus is on cows.
Now lets talk about your cows.
An aussie cow that gives three times the yield of a desi cow costs fives times as much. Now why not buy five cow. Again prople dont think and just talk.

I talked about mozeralla cheese and buffalos. And no one makes mozeralla from cows milk. People make the best of what they have. You like all people here will argue the toss but wont use your brain to stop think and then type.

What do i want from the government....gosh. you must be asleep. Pakistan doesnt need anything from the government. You vote these people in so they can drive land cruisers and steal your money. You deserve such people.

 

[Hareeb]

Good initiative.
Local companies should have equal opportunities to grow.

cheese, vehicles, mobile phones fruits and vegetables.

Only these items can curb a trade deficit of $6-7 billion.

While being one of largest milk producer, Pakistan imported cheese of worth +$1 billion in last fiscal year.

 

[Trango Towers]

Good initiative.
Local companies should have equal opportunities to grow.

Only these items can curb a trade deficit of $6-7 billion.

While being one of largest milk producer, Pakistan imported cheese of worth +$1 billion in last fiscal year.

Pakistani made cheese is crap. Thats why people dont buy the rubbish.