Increased Duty on Imported Mobile Phones Spells Trouble for iPhone Enthusiasts:
In the wake of the upcoming budget, iPhone lovers may be in for an unpleasant surprise. According to reliable sources, the Federal government is planning to increase the duty on imported mobile phones, including iPhones valued at more than $100 (equivalent to PKR 28,562.50). As a result, prices of these highly sought-after smartphones are likely to experience a significant hike.
Luxury Items and Household Goods Also Affected:
The impact of the budget is not limited to iPhones alone. Luxury items such as iPods, headphones, speakers, chocolates, and even household items like chandeliers and bulbs will also face an increase in import duty. This move aims to generate revenue for the government and stabilize the economy. However, it may leave consumers with a heavier burden on their wallets.
Urgency to Purchase iPhones Before the Budget Announcement:
iPhone enthusiasts who have been contemplating purchasing a new model or upgrading from their previous device are advised to act swiftly. With the anticipated price surge, buying an iPhone before the official budget announcement could save consumers a considerable amount of money. As the government gears up to impose higher duties, waiting for the announcement could mean having to pay substantially more for the coveted smartphones.
Cosmetic Taxes Remain Unchanged:
While the budget proposes increased duties on various luxury and household items, one category will not be affected: cosmetics. The tax rate on cosmetic products is expected to remain at 25%. This decision may come as a relief to beauty enthusiasts who rely on imported cosmetic brands, as the prices of these products are likely to remain stable amidst the budget changes.
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IPhone prices are predicted to skyrocket in the aftermath of the impending budget, as the government plans to increase duties on imported mobile phones. Alongside iPhones, luxury items and household goods, including iPods, headphones, speakers, chocolates, chandeliers, and bulbs, will also face higher import duties. Therefore, individuals planning to purchase an iPhone or indulge in luxury goods are advised to do so promptly to avoid the expected price surge. As the government strives to manage the economy, consumers must prepare for the potential impact on their wallets.
