Sunday , November 24 2024

Milk in Pakistan is more expensive than France, milk prices increased, government imposed 18 percent tax on packaged milk

Islamabad: Inflation is increasing rapidly in Pakistan. The inflation rate has reached 32 percent. Eventually, the price of milk also increased by 20 percent. The reason for this is that the price of packaged milk has increased by 20% due to the 18% tax imposed by the Pakistan government on packaged milk. As a result, the price of milk has increased compared to the rich countries of the world like France, Netherlands, Australia and other developed countries.

Pakistan, which is facing a severe economic crisis, made changes to taxation in the national budget last week. As part of raising revenue, packaged milk now has an 18 percent tax, leading to a 20 percent increase in prices.

In Amsterdam, the capital of Netherlands, the price of one liter of milk is $1.29. In Paris, the price of one liter of milk is $1.23 and in Melbourne, the capital of Australia, the price is $1.08. While in Karachi, the price of one liter of milk is $1.33 (370 Pakistani rupees).

Before the imposition of this new tax, the price of milk in Pakistan was equal to that of developing countries like Vietnam and Nigeria. But due to the new tax, the price has increased by 25 percent.

The reason for the 40 percent increase in total taxation in Pakistan's budget presented last week is that Pakistan has to fulfill the IMF's conditions to get a loan from the IMF. Only then can it get a bailout package.

An Indian remembers this ghazal by Zero Palanpuri: 'Bacchi Rotaan Taran Takdirne Ro' for milk. Children in Pakistan are remembered for their struggle for milk.