Hike in FED, GST on tobacco in budget: Shehla urges MPs, stakeholders to join efforts

ISLAMABAD: Member National Assembly Shehla Raza Friday asked the parliamentarians and stakeholders to join efforts for raising taxes (federal excise duty and sales tax) on tobacco products in budget (2024-25).

This was the consensus among the participants during an event, organized by the Human Development Foundation (HDF) and partner organizations here on Friday.

The event brought together policymakers, experts, activists, and stakeholders to discuss comprehensive approaches to combating the widespread impact of tobacco consumption.

Addressing the event chief guest Member National Assembly Shehla Raza said increase in the prices of tobacco can make it out of reach youth.

She also said entire nation and all stakeholders have to show responsibility to discourage tobacco consumption in the society.

Shehla Raza emphasized the importance of effective tobacco control measures in safeguarding public health and promoting societal well-being.

On this occasion Maryam Gul Tahir Director Pakistan-based think tank Center for Research and Dialogue (CRD) Survey shows that 18% quit smoking due to an increase in cigarette prices. The survey results have demonstrated that tax hikes promise a win-win for both the public health and the government revenue,” said Maryam Gul Tahir, Director CRD.

On this occasion MP Neelson Azeem said healthcare challenges stemming from tobacco-related illnesses in Pakistan. The nation faces an alarming annual healthcare burden of about PKR 615 billion. Azeem emphasized the pressing need for comprehensive measures to address tobacco consumption and its detrimental effects on public health and the economy.

During the event, WHO technical Advisor Shahzad Alam said World Health Organization's (WHO) present the study on illicit trade of tobacco.

Expert Muhammad Sabir, emphasized the benefits of increased tobacco taxation, which has already shown significant revenue growth, reaching Rs 122 billion between July 2023 and January 2024.

He said full-year projections exceed Rs 200 billion, representing a substantial increase compared to previous fiscal years.

The event concluded with a commitment to continued collaboration in the fight against tobacco use. The symposium provided a platform for meaningful engagement and collaboration among stakeholders, reaffirming the collective resolve to implement evidence-based strategies for tobacco control in Pakistan.

Copyright Business Recorder, 2024