Islamabad (HRNW): In the upcoming budget, the government is set to make it mandatory to print retail prices on tea, milk powder, and vegetable ghee. According to Federal Board of Revenue (FBR) sources, this decisive step has been taken to streamline sales tax collection on essential commodities. Under the new regulations, it will also be legally binding to print retail prices on infant formula milk, ketchup, and cooking oil.
Expansion of Third Schedule and New Price Requirements
To implement these measures effectively, dozens of fast-moving consumer goods (FMCG) and everyday essential items will be officially incorporated into the Third Schedule of the Sales Tax Act. This regulatory inclusion ensures that sales tax is levied directly on the printed maximum retail price (MRP) rather than the manufacturer’s cost, promoting fiscal transparency and preventing tax evasion.
Proposed Hike in Climate Support Levy
Furthermore, budget proposals indicate that the government is highly likely to double the Climate Support Levy imposed on petroleum products, effective from July 1, 2026. Under the new budgetary framework, the Climate Support Levy on petroleum products is expected to be hiked from the current rate of Rs. 2.5 per liter to Rs. 5 per liter.
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