Islamabad [Pakistan], Looking 'pretty and stylish' for women in Pakistan is going to be costly as Pakistan has increased tariffs on 657 makeup and beauty products in the FY 2024-25 budget, Dawn reported.
Pakistan has introduced significant adjustments in the tariff structure on imported beauty and makeup products, with the aim of increasing revenues and regulating imports; however, it will burn a hole in the pockets of Pakistani women for makeup, hair products, makeup removers, nail polishes and makeup removers, perfumes, clothing and accessories.
Following parliamentary approval, the Government has decided to increase duties on a total of 657 makeup and beauty items. Specifically, duties on these products will increase by 40 percent, while perfumes and sprays will face a 20 percent increase. By contrast, tariffs on imported hair clippers and hair dryers have been reduced to a flat rate of 10 percent, according to Dawn.
Additionally, the government has expanded its regulatory reach to several other imported products, implementing duty increases ranging from 5 to 55 percent in different categories. For example, dairy products such as milk and cream will now have a 25 percent tariff, while natural honey will see a 30 percent increase.
Fruits such as apples and lemons will face a hefty 45 percent tariff, and a hefty 55 percent tariff will be imposed on perfumes and makeup. In addition, clothing and accessories have not been spared either: coats, jackets, pants and jewelry are subject to regulatory duties of 10 percent and 45 percent, respectively.
On Saturday, the Pakistani government expanded exemptions in specific sectors and announced new fiscal measures in several areas to generate additional revenue in the next fiscal year to meet International Monetary Fund criteria.
Pakistan's Finance Minister Muhammad Aurangzeb announced the new measures in the National Assembly. These include the introduction of a capital value tax on properties in Islamabad and the implementation of new tax measures for builders and developers, Pakistan's local newspaper Dawn reported.
The scope of exemption on sales or transfers of immovable property is further expanded to include a person wounded in war while in the service of the Pakistan Armed Forces or the Federal or Provincial Government or a former military and serving personnel of the armed forces or former employees or in service. federal and provincial government staff, Dawn reported.
Amid a deep economic crisis, Pakistan's parliament on Friday approved a tax-laden finance bill for the next fiscal year, amid ongoing negotiations for a new bailout from the International Monetary Fund (IMF).
Pakistan has introduced significant adjustments in the tariff structure on imported beauty and makeup products, with the aim of increasing revenues and regulating imports; however, it will burn a hole in the pockets of Pakistani women for makeup, hair products, makeup removers, nail polishes and makeup removers, perfumes, clothing and accessories.
Following parliamentary approval, the Government has decided to increase duties on a total of 657 makeup and beauty items. Specifically, duties on these products will increase by 40 percent, while perfumes and sprays will face a 20 percent increase. By contrast, tariffs on imported hair clippers and hair dryers have been reduced to a flat rate of 10 percent, according to Dawn.
Additionally, the government has expanded its regulatory reach to several other imported products, implementing duty increases ranging from 5 to 55 percent in different categories. For example, dairy products such as milk and cream will now have a 25 percent tariff, while natural honey will see a 30 percent increase.
Fruits such as apples and lemons will face a hefty 45 percent tariff, and a hefty 55 percent tariff will be imposed on perfumes and makeup. In addition, clothing and accessories have not been spared either: coats, jackets, pants and jewelry are subject to regulatory duties of 10 percent and 45 percent, respectively.
On Saturday, the Pakistani government expanded exemptions in specific sectors and announced new fiscal measures in several areas to generate additional revenue in the next fiscal year to meet International Monetary Fund criteria.
Pakistan's Finance Minister Muhammad Aurangzeb announced the new measures in the National Assembly. These include the introduction of a capital value tax on properties in Islamabad and the implementation of new tax measures for builders and developers, Pakistan's local newspaper Dawn reported.
The scope of exemption on sales or transfers of immovable property is further expanded to include a person wounded in war while in the service of the Pakistan Armed Forces or the Federal or Provincial Government or a former military and serving personnel of the armed forces or former employees or in service. federal and provincial government staff, Dawn reported.
Amid a deep economic crisis, Pakistan's parliament on Friday approved a tax-laden finance bill for the next fiscal year, amid ongoing negotiations for a new bailout from the International Monetary Fund (IMF).
