Lahore residents face milk price hike due to new tax

Consumers in Lahore are bracing themselves for a potential hike in packaged milk prices as an 18% general sales tax is set to be implemented starting July 1. This move is expected to result in a projected increase of Rs55 per litre, which could have a significant impact on the cost of living for residents in the city.

The introduction of the 18% General Sales Tax (GST) on packaged milk is likely to lead to a surge in inflation, making it more expensive for consumers to purchase this essential household item. The rise in prices is a direct consequence of the new tax policy, which aims to generate revenue for the government but may place a financial burden on the general public.

With the impending price hike, consumers are advised to budget accordingly and explore alternative options to mitigate the impact on their expenses. It is essential for individuals to stay informed about changes in taxation policies that can affect their daily lives and make informed decisions to manage their finances effectively.

As Lahore prepares for the implementation of the 18% general sales tax on packaged milk, residents need to be aware of the potential increase in prices and its implications on their household budgets. By staying informed and proactive, consumers can navigate these changes and make informed choices to ensure financial stability in the face of rising inflation.