Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
    Good Fortune trailer
    Videos

    First Trailer for Aziz Ansari’s Good Fortune, Starring Keanu Reeves

    May 29, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: New 18% GST on Infant Formula Sparks Outrage Among Parents and Industry
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
GST on infant formula
PhotoNews Pakistan > Pakistan > New 18% GST on Infant Formula Sparks Outrage Among Parents and Industry
Pakistan

New 18% GST on Infant Formula Sparks Outrage Among Parents and Industry

Web Desk
By Web Desk Published June 18, 2024 2 Min Read
Share
Formula milk industry calls for imposition of 18%. Photo: Profit by Pakistan Today
SHARE

The government plans to introduce an 18% GST on locally produced infant formula and baby food, sparking criticism from industry representatives and the public. They argue this taxation will force parents towards less healthy feeding alternatives, exacerbating malnutrition among infants and children.

Last week, the finance minister’s budget proposal suggested removing the zero-rating status for these essential products. “Other countries lower taxes on such products,” stated Akmal from Lahore, condemning the move. He questioned the affordability of these items for financially strained families.

Meanwhile, manufacturers have suggested a phased tax implementation. Pakistan faces a severe malnutrition crisis, with a high under-five mortality rate and significant issues of underweight and stunted children, as noted in the National Nutrition Survey.

During the budget announcement, Finance Minister Muhammad Aurangzeb emphasized the critical role of nutrition in the early stages of life. However, he downplayed the tax impact in a subsequent press conference, labelling it insignificant for the middle and upper classes, the primary consumers of these products.

It is important to consider that locally produced nutritional products are about 50% cheaper than imported options and support the purchase of 300 million litres of milk from local farmers.

Industry insiders revealed no previous tax on these items until the government set price caps three years ago. The sudden imposition of an 18% GST in the latest budget surprised many.

In discussions with the Senate’s standing committee, industry representatives proposed a gradual GST introduction to mitigate the immediate financial impact on consumers and ensure a smoother transition. They suggested starting with 5% in the first year, increasing to 10% in the second, and reaching 18% in the third year.

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

GTA 6 Scams

GTA 6 Scams Surge: Kaspersky Warns Fans of Fake Links and Phishing

UK police cocaine seizure

UK Police Seize £3.8M Cocaine During a Routine Traffic Stop

Intel Marketing Outsource and Layoffs in 2025

Intel to Outsource Marketing to Accenture, Signals 20% Layoffs in 2025

Navjot Sidhu Slams Michael Vaughan’s Wrong Predictions in India vs. England Test

Navjot Sidhu Slams Michael Vaughan’s Wrong Predictions in India vs. England Test

Snapchat outage

Snap Inc. Acquires Saturn App to Boost Snapchat’s Gen Z Appeal

Post Archives

More Popular from Photonews

Martha Laura Mendoza
World

Mexican Mayor Martha Laura Mendoza Killed in Michoacán

3 Min Read
Iran Fattah-1 Hypersonic Missile
Top NewsWorld

Iran’s Fattah-1 Hypersonic Missile Targets Israel

4 Min Read
Anne Burrell Death
Entertainment

Anne Burrell’s Cause of Death: Food Network Star Dies at 55

3 Min Read
Business

Oil Prices Rally in 2025 as Iran-Israel Conflict Fuels Market Tensions

Oil prices surged as the escalating Iran-Israel conflict heightened geopolitical risks, though major oil and gas…

June 18, 2025
Entertainment

LeBron James and Kai Cenat to Team Up on The Shop’s Next Episode

LeBron James teams up with viral streamer Kai Cenat for the upcoming episode of "The Shop,"…

June 17, 2025
Tech

Garena Free Fire Max Redeem Codes for June 18, 2025: Unlock Free Rewards

Garena Free Fire Max, developed by 111 Dot Studios, is a leading battle royale game in…

June 18, 2025
Pakistan

Cambridge Confirms Minor Exam Question Leaks in June 2025 Series

On June 19, 2025, Cambridge University Press & Assessment (Cambridge) confirmed that a few questions from…

June 19, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?