ISLAMABAD: In view of the heavy burden on the national economy due to public health and economic costs due to the increased consumption of cigarettes, health experts have recommended the implementation of the recommendations of the World Bank to increase the Federal Excise Duty (FED) on cigarettes. has demanded
Director Center for Research and Dialogue (CRD) Amjad Qamar while speaking in this regard said that the increase in federal excise duty on cigarettes can curb the increasing smoking thereby ensuring a healthy future for the youth of Pakistan. will According to the FBRC annual report, the country has suffered a loss of 567 billion rupees during the last seven years.
On the other hand, a recent study conducted by the Pakistan Institute of Development Economics (PIDE) revealed that the cost of smoking-related diseases and deaths in Pakistan in 2019 totaled 615.07 billion rupees and $3.85 billion. (billion) were. Which is 1.6% of the total GDP of Pakistan.
Country Director, Campaign for Tobacco Free Kids (CTFK) Malik Imran Ahmed, referring to the World Bank report titled Pakistan Development Update, said that the current rate on standard cigarettes as well as premium cigarettes is 16.50 per cent for tax hike. A significant revenue of 0.4% of GDP or Rs 505.26 billion can be achieved by implementing Rs.
