Leading companies in Pakistan have announced new prices for packaged milk following the federal government's imposition of an 18 percent general sales tax (GST) in the 2024-25 Budget.
In late June, the National Assembly approved the budget, introducing an 18% GST on packaged milk, herbal and homeopathic medicines, and food items.
Despite the Senate Standing Committee on Finance rejecting the proposal, the government proceeded with the decision, adding additional financial strain on the public.
With the budget recommendations taking effect from today (July 1, 2024), companies have released new prices for 250ml, 1000ml, and 1500ml packaged milk.
FrieslandCampina Engro Pakistan Limited, known for its Olper’s brand of dairy products, has published a new price list.
Olper’s Milk New Prices in Pakistan from July 1
The company has raised the price of each 250ml pack to Rs95 for retail customers, with the price of one carton box set at Rs2,660 for the Ecolean product and Rs2,565 for the TBA product.
Similarly, the price of each 1000ml pack has been increased to Rs370, with the carton box rate now at Rs4,440 for retail customers.
The price of each 1500ml pack has been adjusted to Rs535, while the carton box rate is set at Rs4,200, effective from July 1, 2024.
