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
-
By empowering smaller provinces, people’s problems will be resolved faster: NA speaker
-
PHC acquits four in PML-N leader Amir Muqam attack case
-
LHC to hear plea of Khalil’s brother on 4th
-
Medical board recommends shifting Nawaz to hospital
-
18TH AMENDMENT UNDER THREAT, CLAIMS BILAWAL
-
Task Force examines Torkham border arrangements
-
Pakistan going through tough circumstances: PM
-
NAB arrests PTI’s Aleem Khan in offshore companies scandal
-
Dividends of peace must reach people
-
Strike in Balochistan after PTM leader Loni’s killing
-
Pakistan police culture of impunity faces trial by social media
-
PM orders action over Sindh temple vandalism