Tag: marlboro
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Govt imposes Rs36 billion additional tax on cigarettes, tobacco processing to revive IMF programme
The government has issued an ordinance to impose an additional Rs36 billion tax on cigarettes, an additional Rs2 billion tax on the processing of tobacco, and lowered charges on transportation vehicles in order to raise an additional Rs38 billion in taxes. According to Geo, tier-1 brand cigarettes may see a price increase of Rs20 to…
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Pakistan faces Rs615 billion annual deficit due to tobacco consumption
Pakistan has a substantial Rs615 billion annual deficit owing to diseases caused by smoking and overall tobacco usage, with only Rs120 billion earning in tax revenue from the product. The government is expected to improve revenue by raising the tax on cigarettes by 30 per cent according to The Nation. This was voiced by speakers…
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Tobacco companies in Pakistan may bump cigarette prices
Farmers have asked the government and firms to increase the price of future tobacco products in accordance with the current price hikes in pesticides, fertilisers, and other crop preparation and selling charges. On May 9, the demand was made at a meeting of Ittehad-e-Kashtkaran in Khyber Pakhtunkhwa. The participants agreed that the government should reduce…