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Tag: tobacco

FED on cigarettes

Experts Advocate Strong Tobacco Taxation for Public Health

November 16, 2024November 16, 2024Mrs. Anjum Shahnawaz

Islamabad, November 16, 2024 – Experts at a seminar titled “Taxing Tobacco: A Path to Reducing Consumption and Saving Lives” highlighted the pressing need for a comprehensive and sustainable tobacco taxation policy in Pakistan.

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FED on cigarettes

Expert Warns of Grave Risks from Smoking and Passive Smoking

August 12, 2024August 12, 2024Mrs. Anjum Shahnawaz

Karachi, August 12, 2024: Dr. Matiur Rehman, a leading pulmonologist and lung specialist at Ali Medical Hospital, has issued a stark warning about the dangers of smoking and passive smoking, urging parents to educate their children to protect their health.

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FED on cigarettes

Health Experts Recommend 40% Increase in Tobacco Tax

May 29, 2024May 29, 2024Mrs. Anjum Shahnawaz

Pkrevenue.com – Health experts have urged the Federal Board of Revenue (FBR) to implement a 40% increase in tobacco taxes in the budget for the fiscal year 2024-25. This proposal aims to reduce tobacco consumption, enhance government revenue, and address the significant health costs associated with smoking.

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FED on cigarettes

Illicit Cigarettes Take Over Pakistani Market, Costing Billions

May 10, 2024May 10, 2024Faisal Shahnawaz

Islamabad, May 10, 2024: A new study by Ipsos Pakistan paints a concerning picture of the country’s cigarettes market, revealing a significant shift towards illicit brands.

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FED on cigarettes

Think Tank Advocates for Stringent Cigarettes Taxation

May 9, 2024May 9, 2024Mrs. Anjum Shahnawaz

ISLAMABAD: The Islamabad-based think tank, Capital Calling, has called for rigorous adjustments to the taxation policy on cigarettes, aiming to align it with global norms.

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FED on cigarettes

KTC Urges FBR to Reassess Tobacco Taxes Amid Falling Sales

May 4, 2024May 4, 2024Mrs. Anjum Shahnawaz

The Khyber Tobacco Company Limited (KTC), a leading national tobacco manufacturer, has reached out to the Federal Board of Revenue (FBR) seeking a review and adjustment of the current tax policies affecting tobacco sales.

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Pakistan Tobacco

PTC Reports Domestic Volume Falls by 23% YoY in 1Q 2024

April 29, 2024April 29, 2024Shahnawaz Akhter

In a concerning revelation, Pakistan Tobacco Company (PTC) has announced a dramatic 23 percent decline in domestic sales volume for the first quarter of 2024, a stark contrast to the same period last year.

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Pakistan Tobacco

NDP Cigarettes to Cost Rs 300 Billion in FY24: PTC Chairman

April 2, 2024April 2, 2024Shahnawaz Akhter

Karachi, April 2, 2024 – Zafar Mahmood, Chairman of the Pakistan Tobacco Company (PTC), has projected a significant loss of Rs 300 billion in tax revenue due to the prevalence of non-duty paid (NDP) cigarettes during the current fiscal year 2023-24.

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PBC Proposals

Illicit Cigarette Manufacturers Exploit Exports Quota to Evade Tax

March 28, 2024March 28, 2024Faisal Shahnawaz

Karachi, March 28, 2024 – Cigarette manufacturers in Pakistan are finding loopholes in export regulations to evade taxes, causing significant losses to the national exchequer.

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FED on cigarettes

PTC Recognized as Top Taxpaying Entity

March 27, 2024March 27, 2024Mrs. Anjum Shahnawaz

The Government of Pakistan has bestowed the Pakistan Tobacco Company Limited (PTC) with an esteemed honor for its remarkable contribution as one of the country’s highest taxpaying entities.

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