After passing of the budget a series of new taxes have started, various essential items have become more expensive due to that the life of the citizens has become maltreated. On the other hand the imposition of additional duty on life-saving drags local medicines that are already being provided to patients at several hundred percent more expensive due to the commission mafia, have created the possibility of becoming more expensive.
The federal government has imposed regulatory duty on imported goods, including raw materials used in medicine has caused the citizens who have been unable to get their treatment. According to media reports the Federal Board of Revenue has imposed regulatory duty on various imported goods including raw materials used in some medicines, 20% duty imposed from January 1.
FBR has imposed 5% regulatory duty on seed grading, sorting and cleaning machines, vegetable drying machines, other machinery, while 10% on calcium carbide, 10% on chloroform. 10% regulatory duty has been imposed on diacetyl terephthalate. 10% regulatory duty has been imposed on third generation antibiotic Levofloxacin till 31st December 2024 and 20% from 1st January 2025. 10% regulatory duty has been imposed on caffeine and its salts till 31st December and 20% from 1st January. Regulatory duty on sodium carbonate has been reduced from 20% to 10%, 10% on gum used in chewing gum, 10% on chloro paraffin liquid till 31 December 2025, 5% on polyurethanes till 30 June 2025, polymers of vinyl chloride and others. 10% duty on plastic till 31st December 2024 while 10% duty on tube and sleeves till 30th June 2025.
Federal Board of Revenue has imposed 10% regulatory duty on multiply and others till 31st December and 15% regulatory duty on self-adhesive till 30th June 2025. A regulatory duty of 10% has been imposed on the tariff, 10% regulatory duty has been imposed on iron products, non-alloy steel products and flat-rolled, off-secondary quality iron flat-rolled products till December 31, 2024 and 5% from January 1, 2025. The government has also imposed 5% regulatory duty on cold-rolled steel strip with a thickness of 0.5 mm to 100 mm, iron flat road products with a thickness of less than 600 mm and non-alloy steel products till December 31, 2024. To the FBR 10% on import of wire, grill, netting and fencing, ball bearings, cone tapered roller assemblies, tabbed roller bearings above 3 mm and up to 30 June 2025 and on import of seed grading, sorting and cleaning machines and vegetable drying machines and other machinery. 5% regulatory duty has been imposed. Imposing tax on chemicals used in the manufacture of medicines will definitely increase the cost of medicines.
On which local companies have been blackmailing government institutions form last five years. However now due to the imposition of more taxes by the government, these companies have got the justification to make the medicines more expensive. In the current situation the government will not be in a position to take any action against such companies, due to which more expensive medicines will be provided to the citizens. It is necessary that the prices of medicines should be increased according to the tax levied on medicines by the government. It should be remembered that many times as a result of increasing the tax by 5 or 10 percent, medicines become more expensive by 50 to 100 percent. Among these drugs, the top list is local drugs, which are sold to patients in big name doctors and hospitals, while multinational drugs of the same formulas may be available cheaply, but due to the taxes imposed on multinational companies, many companies have The production of medicines has been restricted here due to which many useful and cheap multinational medicines are no longer available.
Now it has to be seen how the government regulates these prices despite the implementation of taxes imposed on various sectors of medicine production.
