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PMPKL laments significant decline in volumes within legitimate tobacco sector

BUSINESSUpdated:April 24, 2024Share
" ISLAMABAD: Philip Morris Pakistan Limited (PMPKL) underscored the urgency for immediate measures to tackle the escalating presence of low-priced non-tax-paid cigarettes, which has resulted in a loss of a level playing field and a significant decline in volumes within the legitimate tobacco sector. In a media briefing to address the profound challenges gripping the tax-paid…

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” Curbing illicit tobacco trade: a key IMF condition ” | Current Pulse | Business

BUSINESSUpdated:March 24, 2024Share
" LAHORE: Experts have suggested that Pakistan has a strategic opportunity to meet conditions of the International Monetary Fund (IMF), enhance tax collection and significantly increase the tax-to-GDP ratio by curbing illicit trade in the tobacco sector. Recently, the IMF recommended that the Federal Board of Revenue (FBR) should apply a uniform excise duty to…

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Capital Calling welcomes IMF recommendations for uniformed tax on tobacco products

” Capital Calling welcomes IMF recommendations for uniformed tax on tobacco products ” | Current Pulse | Pakistan

PAKISTANUpdated:March 20, 2024Share
" Capital Calling, an Islamabad-based think tank, has welcomed the reports that International Monetary Fund (IMF) has asked Pakistan to impose uniform excise rates on both local and foreign cigarette manufacturers. It also appreciated former health minister Dr Nadeem Jan calling for a 50 percent increase in taxes on cigarettes to make them harder to…

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