The Human Development Foundation (HDF) convened a media briefing today to address the critical issue of tobacco taxation in Pakistan. Mr. Malik Imran Ahmad, Tobacco Control Activist, presented a compelling analysis of the current national-level tobacco control policies and emphasized the need for significant improvement. Tobacco use is a leading cause of preventable death in Pakistan. The economic burden is equally significant, with smoking-related illnesses and deaths costing Pakistan 1.4% of its GDP each year. Mr. Malik highlighted the staggering economic toll of tobacco consumption. Referring to a World Bank report, he said that there was ample room to increase tax on tobacco products. “The government can generate additional Rs. 65 billion from the industry by increasing the tax up to 26%,” he stated. Mr. Malik presented a data-driven proposal for a 26.6% increase in the Federal Excise Duty (FED) on tobacco products. This strategic approach has the potential to yield a “triple win” for Pakistan: a reduction in the number of smokers by 517,000, a 12.1% increase in tax revenue for the government and a 19.8% recovery of healthcare costs associated with tobacco use.
متعلقہ مضامین
-
Pak-China partnership to get stronger in new era: Nong
-
Fawad castigates Maryam for sharing Indian-sponsored old video about Balochistan
-
PM shows displeasure over Punjab police’s failure to block TLP march
-
Petroleum prices likely to go up by Rs8/litre
-
Pakistan records 10 deaths, 658 new COVID cases
-
PM shows displeasure over Punjab police’s failure to block TLP march
-
NCOC lifts Covid-19 curbs from cities with 60% vaccination rate
-
Balochistan governor convokes provincial assembly session to elect new speaker
-
World Tsunami Awareness Day to be marked on Nov 5
-
Conflict not in favour of country, says Ashrafi
-
ILF concludes with stimulating discourses and book launches
-
CTD arrests four Al Qaeda, Daesh terrorists in Khyber operation