Islamabad, July 31: The government raised the 2.5% withholding tax on cement for non-filers.The price of cement bags has increased by PKR 200-250 due to the new tax regulations, which also include an increase in sales tax. A-grade cement bags presently cost PKR 1500, but other brands range in price from PKR 1400 to PKR 1470. A thorough overview of cement pricing by brand is provided below:
Cement BestWay: Rs. 1,550–1,600
Fortune Cement: INR 1,540–INR 1,550
Cement DG Khan: INR 1,510–INR 1,550
Cement Fauji: 1,450–1,560
Rs1,450–Rs1,525 for Kohat Cement
Cement Askari: INR 1,540–INR 1,550
Cement Cherat: INR 1,455–1,465
Cement Maple Leaf: INR 1,500–INR 1,510
Strength Cement: INR 1,450–1,460
Indian Pioneer Cement: INR 1,455–1,465
Cement dealers have initiated a statewide indefinite strike in response to the tax increases, which include an increase in Federal Excise Duty from PKR 2 to PKR 4 per kilogram. A presumptive tax system is something that the All Pakistan Cement Dealers Association is pushing for in order to stop job losses and business closures. Furthermore, dealers are finding it difficult to comply with new legal requirements, such as the need for Point of Sale (PoS) devices, which many cannot afford.
