The Pakistani government announced a mini-budget today in an attempt to boost exports and reinforce investor confidence lost due to varying exchange rate over the past few years.
A number of important decisions were taken during the mini-budget, mainly related to decreasing duty on raw-material being imported into the country. However, the government has also revised the duty on imported smartphones, specifically the budget smartphones valued under $350 dollars. The taxes on higher-end models will remain unchanged.
Here is the breakdown of new tax rates on imported smartphones:
- Below $30
- 150 Rupees
- Between $30 and $100
- 1,470 Rupees
- Between $100 and $200
- 1,870 Rupees
- Between $200 and $350
- 1,930 Rupees
- Between $350 and $500
- 6,000 Rupees
- Above $500
- 10,300 Rupees
Here is the breakdown of new customs levy rates on imported smartphones:
- Below $100
- No Levy
- Between $100 and $200
- 500 Rupees
- Between $200 and $350
- 1,500 Rupees
- Between $350 and $500
- 3,500 Rupees
- Above $500
- 7,000 Rupees
Due to these changes, we can expect to see lower priced phones get cheaper, while the prices of higher-end phones should remain at their current price.
