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Biscuits, Cakes, and Chips May Become More Expensive as the Govt Plans Rs. 150 Billion Tax Hike in 2026 Budget
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Biscuits, Cakes, and Chips May Become More Expensive as the Govt Plans Rs. 150 Billion Tax Hike in 2026 Budget
The federal government is thinking about adding a new tax called Federal Excise Duty (FED) on many popular packaged food items in the budget for the year 2026. These items include biscuits, cakes, sweets, chips, sauces, and even ice cream. According to industry experts, this new tax could help the government collect as much as Rs150 billion in revenue. Out of this total, biscuits and sweets alone are expected to bring in more than Rs95 billion. …
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