PESHAWAR: In budget 2025-26, the federal government likely to reduce taxes and duties on imported makeup and over 7000 other items, sources reveal. Moreover, the international monetary fund has urged the government to cut regulatory duties on imports. Therefore, this move aims to ease the financial burden on consumers and boost economic growth.
Sources say the government will cut duties and taxes on a wide range of imported products. These include makeup, raw materials, spare parts, and essential tools. Specifically, the planned reductions range between 2 and 5 percent. Thus, the government is responding directly to the IMF’s demands in budget 2025-26.
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Imported makeup products will see duty and tax cuts of 2 to 5 percent. This includes lip gloss, face powder, eyeliners, mascaras, makeup kits, face shiners, makeup base creams, and eye makeup items. Consequently, the government expects these cuts to make beauty products more affordable for consumers.
In addition, hair care appliances will also benefit. Hair straighteners, curlers, hair lotions, creams, and hair removal creams will face lower import duties. These cuts will support both consumers and businesses in the beauty and personal care market.
Furthermore, the government plans to reduce duties on perfumes and body sprays by 2 to 5 percent. Imported purses and sunglasses could receive similar cuts. Also, branded shoes, clothes, and belts are included as well.
Shaving products, dental beautification items, fake hair such as wigs, and hair curlers will also get duty reductions. Moreover, facial care products like face wash, facial creams, and lotions will see lower import duties. Additionally, the government will reduce duties on imported briefcases, travel bags, and handbags.
Overall, these tax cuts in budget 2025-26 aim to lower costs for consumers. The government hopes the cuts will encourage more imports and improve product availability. Sources say the final budget will confirm exact duty cuts and the full list of items.
In conclusion, this planned reduction clearly shows the government’s intent to follow IMF recommendations. It also reflects a goal to stimulate economic activity by making imported goods more affordable and accessible to the public.
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