Pakistan Revenue
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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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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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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Islamabad, March 17, 2024 – Advocates at an anti-tobacco seminar have proposed significant increase in taxes on cigarettes for the forthcoming budget 2024-25.
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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.
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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.
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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.
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Islamabad, December 5, 2023 – Pakistan has intensified its call for increased taxes on tobacco products, aiming to discourage tobacco use and address the looming threats it poses to public health.
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The Track and Trace system is undeniably vital in curbing illegal cigarette manufacturing and addressing the pressing issues associated with it in Pakistan.
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Islamabad, July 25, 2023 – Illicit cigarette manufacturers in Pakistan are exploiting the exports quota to evade advance tax, resulting in substantial losses to the national exchequer.
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