18% milk tax in Pakistan leads to 20% price surge, making Karachi's milk costlier than Paris, Amsterdam, and Melbourne.
Pakistan's new 18% milk tax has led to a 20% price surge, making Karachi's milk more expensive than in Paris, Amsterdam, and Melbourne. This tax increase is part of a budget aimed at meeting International Monetary Fund conditions, raising taxes by a record 40%. The higher prices may contribute to Pakistan's inflation and worsen child health, as 60% of children under 5 suffer anemia and 40% suffer from stunting.
July 04, 2024
3 Articles