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Articles for tag: affordable health care, Budget 2024-25, care, costs, devices, diagnostic kits, expected, funding from public hospitals, Government tax, Health, health care burden, health care costs, Medical, medical devices, medical equipment tax, medical expenses increase., medical tax implications, Pakistan, pottery equipment, public hospitals, raise, Tax

June 22, 2024

News Desk

New tax on more than 200 medical devices expected to raise health care costs

KARACHI: The federal government has imposed a sales tax on more than 200 medical devices, including angiography and angioplasty equipment, as well as diagnostic kits for various diseases. T The move, part of the 2024-25 fiscal budget, is expected to significantly affect the affordability of healthcare for poor patients. For the first time, Pakistan imposes a tax on the diagnosis and treatment of diseases. Imposing this sales tax would increase the cost of diagnosis and treatment by 25% to 30%. This tax will also severely affect public hospital budgets, leading to a marked reduction in routine procedures, angiograms and angioplasty.

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