Pakistan’s government has raised taxes in response to rising inflation. This includes increased income taxes, sales taxes, regulatory responsibilities, and other measures. As a result, import tariffs on smartphones have risen to the point where a flagship phone can cost up to Rs. 60,000.
In an interview with Hum News, Prime Minister Imran Khan revealed why import duties on cellphones have increased. During the interview, the PM stated that he wanted to promote local smartphone manufacturing. This is due to the fact that rising imports and a growing trade deficit can have a negative impact on a country’s currency.
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This could put greater pressure on our currency and lead to even more inflation in the long run.
Samsung, Xiaomi, and Oppo are among the companies that are interested in making smartphones in Pakistan and have already begun working on them.
Tax collection, according to the PM, is critical for a country’s growth and development. Because a substantial majority of Pakistanis do not pay taxes, Pakistan is among the countries with the lowest tax burden. He claims that decades of national problems cannot be resolved in a few years if individuals refuse to pay taxes.
Take a look at the video of the interview below.