Islamabad, April 17, 2024 – Philip Morris Pakistan Limited (PMPKL) has sounded the alarm on the urgent need for immediate measures to combat the rising prevalence of low-priced, non-tax-paid cigarettes, citing a loss of fair competition and a significant decline in volumes within the legitimate tobacco sector.
Philip Morris Pakistan Limited, a leading cigarette manufacturer in the country, has unveiled a complex web of litigations stretching across numerous years against tax authorities, which have resulted in substantial tax demands.
Philip Morris (Pakistan) Limited, a prominent international tobacco company, has reported a staggering 86 percent decline in its total income for the fiscal year 2023.
Karachi, November 7, 2023 – In a strategic move to enhance its leadership team, Philip Morris Pakistan Limited (PMPKL) has officially named Sarfaraz Ahmed Rehman as the Chairman of the Board.
Karachi, October 23, 2023 – Philip Morris (Pakistan) Limited, a leading cigarette manufacturer, has reported a substantial 72 percent decline in profit for the first nine months of the calendar year 2023.
Karachi, August 16, 2023 – Philip Morris Pakistan Limited, an international company known for making cigarettes, has experienced a significant drop of 76 percent in its profits for the first half of this year, which ended on June 30, 2023.
The revenue collection from tobacco industry likely to fall short of targets after a massive increase in Federal Excise Duty (FED), a report revealed on Friday.
Philip Morris (Pakistan) Limited announced a 67% decrease in quarterly profit on Wednesday, according to financial results sent to Pakistan Stock Exchange (PSX).
Sales of illicit cigarettes have surged following a massive tax hike on the legal cigarette industry, according to Philip Morris (Pakistan).
KARACHI: Philip Morris (Pakistan) has said that significant tax hikes on cigarettes would only benefit illicit tobacco sector.