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.
(more…)Tag: tobacco
-
PTC Reports Domestic Volume Falls by 23% YoY in 1Q 2024
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.
(more…) -
NDP Cigarettes to Cost Rs 300 Billion in FY24: PTC Chairman
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.
(more…) -
Illicit Cigarette Manufacturers Exploit Exports Quota to Evade Tax
Karachi, March 28, 2024 – Cigarette manufacturers in Pakistan are finding loopholes in export regulations to evade taxes, causing significant losses to the national exchequer.
(more…) -
PTC Recognized as Top Taxpaying Entity
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.
(more…) -
Significant Tax Hike on Cigarettes Proposed for Budget 2024-25
Islamabad, March 17, 2024 – Advocates at an anti-tobacco seminar have proposed significant increase in taxes on cigarettes for the forthcoming budget 2024-25.
(more…) -
Pakistan Sees Surge in Smoking Cessation After Tax Hike – Report
Islamabad, February 14, 2024: A new study by Capital Calling, a prominent Pakistan think tank, reveals a significant drop in cigarette consumption following the government’s implementation of higher taxes on tobacco products.
(more…) -
Tobacco Producers Protest Against WHO’s Control Measures
Karachi, February 7, 2024 – A wave of protests has swept across tobacco-producing nations as premium tobacco producers and workers from Colombia, Panama, Honduras, and Nicaragua gathered in front of the Panama Convention Centre to express their discontent with the World Health Organization’s (WHO’s) recent decisions on tobacco control.
(more…) -
High Taxes Promote Illicit Tobacco Trade
Karachi, December 11, 2023 – Advocates for anti-tobacco measures pushing for higher taxes on tobacco products inadvertently contribute to the growth of the illicit tobacco industry.
(more…) -
Pakistan Advocates Higher Tobacco Taxes to Combat Health Threats