The price of packaged milk has increased by Rs. 75 per liter or 25 percent after the federal government’s pro-IMF budget went into full effect today.
Packaged milk now costs Rs. 370 per liter compared to Rs. 295 per liter in the previous fiscal year due to the 18 percent sales tax and 2.5 percent tax on retailers.
FrieslandCampina Engro Pakistan Limited has announced a price increase for its milk products, effective from July 1, 2024. The increase is attributed to rising production costs and economic factors impacting the dairy industry, the company said in its latest advertisement.
The price for a 1000ml pack of Olper’s milk will be increased as per the new rates detailed below:
| Consumer Price | Price for Un-Registered Retailer | Price for Registered Retailer | Â
Packs/Carton |
Â
Pack Size |
Product | |||
| Rate/Pack | Rate/Carton | Rate/Pack | Rate/Carton | Rate/Pack | Rate/Carton | |||
| Rs. 370 | Rs. 4,440 | Rs. 353.45 | Rs. 4,241.38 | Rs. 346.55 | Rs. 4,158.62 | 12 | 1 Liter | Olper’s |
The rates of packaged milk being sold by other companies/ vendors have also increased with effect July 1. 2024, to pass on the impact of the 18 percent sales tax and 2.5 percent tax on retailers under Finance Bill 2024.
The government has proposed to tax infant milk items not exceeding Rs. 600 per 200g at the rate of 18 percent.
The total revenue impact will be around Rs. 95 billion (Rs. 75 billion standard milk + Rs. 20 billion infant milk).
These rates are very high. However, Finance Minister Muhammad Aurangzeb at his post-budget briefing on 13 June said the middle class shouldn’t find it difficult to pay the 18 percent sales tax on milk products.
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India has a 5 percent tax on milk so that all people can afford milk. Whereas Pakistan is charging 18 percent tax on milk now. This is too much and this government is totally blind. They are not ready to cut down their expenses but they are ready to destroy the wellbeing of common citizens. Also please stop blaming IMF for this. They just want their money back. Bit rather than paying any money back this government is asking for more loans.
All of them are killing us. They are killing us. What can we do? May Allah put all of them in hellfire, Ameen.
Ghar mein beth kar doodh pop, it is what you are good for
What the hell are they gone nuts? They will completely kill the healthy milk industry. Open Milk on shops are more unhealthy and the burden on existing ones will compel shopkeepers to use unhealthy chemicals to increase the quantity and fulfil the demand.
Good . We dont like packed milk .
Pakistan going down