Pakistan Sugar Prices Rs160/kg in Islamabad Karachi
The official data shows people of Islamabad, Rawalpindi, and Karachi are buying expensive sugar in Pakistan at the cost of Rs160 per kg.
The sugar is sold at Rs155 per kg in Gujranwala, Sialkot, Khuzdar and Quetta, while the commodity’s per kg rate is Rs150 in Faisalabad, Sargodha, Multan and Larkana.
In Rawalpindi and Lahore, the commodity is sold at Rs150 per kg, while in Sargodha, Multan, and Gujranwala, the sugar per kg rate is Rs145.
In Bannu and Quetta the per kg sugar price is Rs150, while in Hyderabad Rs148 per kg, and in Bahawalpur and Sukkur, the sugar price is Rs145 per kg.
Govt ‘considers’ excise duty on sugar to bridge tax shortfall
On Thursday, it emerged that the Pakistan government is ‘considering’ imposing Federal Excise Duty (FED) on sugar to address the ongoing tax shortfall.
As per details, the government is reportedly considering FED on the sugar to minimize the tax shortfall ahead of the IMF review for the second tranche of the ongoing loan program.
Proposals to levy FED per kilogram of sugar have been forwarded to PM Shehbaz Sharif for approval, alongside suggestions to revise the current sales tax mechanism on sugar.
The proposals have been drafted by the Minister of State for Finance, the Chairman of the Federal Board of Revenue (FBR), and the Secretary of the Ministry of Finance.
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