Sponsor message
Now new in the US - Dietary diformates Made in Germany Learn more

Poultry Prices Likely to Rise Following Government Tax Proposal

8 June 2016, at 6:00am

PAKISTAN - The prices of poultry products are likely to increase after the government, through the budget for 2016-17, proposed enhancing sales tax from 5 to 10 per cent on certain ingredients used for poultry feed.

Finance Minister Ishaq Dar said in the budget speech that though concessionary rates of customs duty and sales tax on major poultry feed ingredients like soybean meal and vitamin premixes shall remain intact, rate of sales tax had been increased on certain ingredients of poultry feed, TheNews reports.

Experts said that the proposed measure would push the prices of poultry products up, in case, the sales tax was to be increased.

Similarly, another item, which is believed to affect the food basket, is the proposed withdrawal of zero-rating on stationery and inputs and imposition of general sales tax.

Sponsored content
Our Formi products fulfil tomorrow’s requirements today.

Formi NDF and the 3rd Generation acidifier Formi 3G have been formulated to replace the need for in-feed antibiotics, by ensuring a strong antibacterial impact against Gram negative and Gram positive bacteria.

The Formi product line, based on Addcon’s patented diformate technology ensures optimal efficiency, highest growth rates and maximum safety, which are key requirements in animal production worldwide – and are now available in the USA.

Learn more