Finance Minister Muhammad Aurangzeb unveiled the Budget 2025–2026, which contains large cuts to a number of regulatory fees that should result in cheaper pricing for a wide range of commodities.
Finance Minister Muhammad Aurangzeb declared a 2–5% reduction in regulatory responsibilities in Budget 2025–2026. As a result, a variety of imported goods, including food and everyday necessities, will become more reasonably priced.
It is anticipated that the reduction in import tariffs following the implementation of Budget 2025–2026 would result in lower pricing for more than 600 food and beverage items.
Duty reductions of 2 to 5 percent will be applied to imported chocolates, toffees, candies, lollipops, biscuits, jellies, marmalade, cheese, butter, honey, and drinks.
Furthermore, it is anticipated that the costs of imported milk cream, flavored milk, condensed milk, ketchup, mayonnaise, ice cream, and imported snacks such as papadum (papad), nimco, chips, marshmallows, vitamin water, mineral water, branded flour, and semolina will all drop.
Women will also benefit greatly from the Budget 2025–2026 as almost all cosmetics and makeup will probably become less expensive as a result of lower tariffs.
These consist of hair styling goods, kits, cosmetics, blush, powder, mascara, face wash, face creams, face shiners, eyeliners, lotions, body sprays, fragrances, shaving supplies, and wigs.
Additionally, the new budget for 2025–2026 will make dental items, purses, sunglasses, belts, travel bags, handbags, clothing, and shoes cheaper.
The overall goal of the Budget 2025–2026 is to lessen the cost on consumers by increasing the accessibility of imported goods and lowering inflationary pressure.
Similarly, in the Budget 2025–2026, the Federal Government has set out Rs 39,488 million under the Public Sector Development Programme (PSDP) for the Higher Education Commission’s (HEC) 12 new and 128 existing programs.
