Prime Minister Shehbaz Sharif, during a meeting with a delegation from the Pakistan Tobacco Company, emphasized the immediate need to address the issue of illegal sales of cigarettes and tobacco products.
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High Cigarette Taxes Fuel Illicit Trade in Pakistan: Experts
The imposition of high taxes on cigarettes inadvertently promotes the rise of illicit cigarette trade in Pakistan, sparking concerns about the government’s strategy to protect public health through increased taxation.
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Philip Morris expresses concerns over surging illegal cigarette market in Pakistan
Islamabad, May 25, 2023: Pakistan’s documented tobacco sector is grappling with a substantial decline in sales, resulting in billions of rupees in losses for the national exchequer.
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Citizens Health Initiative highlights threat of illegal cigarette sales, calls for action
Karachi, May 23, 2023 – Citizens Health Initiative (CHI), a public health organization, has responded to the misleading campaign by anti-tobacco organizations that undermines the volume and impact of illicit cigarettes.
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Experts advocate for higher duties, taxes on cigarettes for healthy Pakistan
In a bid to ensure a healthier Pakistan, health experts are calling on the government to impose increased duties and taxes on cigarettes.
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OICCI proposes harsh penalties for selling cigarettes below MLP
In anticipation of the upcoming federal budget, foreign investors operating in Pakistan, through the Overseas Investors Chambers of Commerce and Industry (OICCI), have submitted specific proposals pertaining to the tobacco industry to the Federal Board of Revenue (FBR).
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Pakistan’s tobacco industry faces challenges amidst excise increases and duty evasion
In February 2023, Pakistan’s Finance (Supplementary) Bill 2023 introduced a significant excise increase for the tobacco industry, resulting in the highest-ever excise duty on tier-1 and tier-2 cigarette brands.
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FBR’s revenue collection from cigarette sales falls short of expectations despite FED hike
The Federal Board of Revenue (FBR) did not meet its revenue collection target from cigarette sales in April 2023, despite the sharp increase in Federal Excise Duty (FED) on the tobacco industry through the mini-budget in February this year.
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FBR revokes notification on massive increase in FED on cigarettes
On May 2, 2023, the Federal Board of Revenue (FBR) in Pakistan revoked its earlier notification SRO 178(I)/2023, which had massively increased federal excise duty (FED) rates on cigarettes.
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Pakistan Tobacco announces 38% surge in quarterly profit despite tax hikes
Despite a significant hike in taxes, Pakistan Tobacco Company announced a 38% surge in quarterly profit after tax on Tuesday.
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