AVN 60.40 Increased By ▲ 0.25 (0.42%)
BOP 10.11 No Change ▼ 0.00 (0%)
CHCC 130.25 Increased By ▲ 0.19 (0.15%)
DCL 9.57 Increased By ▲ 0.01 (0.1%)
DGKC 105.66 Increased By ▲ 0.13 (0.12%)
EFERT 67.80 Increased By ▲ 0.10 (0.15%)
EPCL 30.73 Increased By ▲ 0.08 (0.26%)
FCCL 21.30 Decreased By ▼ -0.02 (-0.09%)
FFL 13.25 Decreased By ▼ -0.04 (-0.3%)
HASCOL 14.36 Decreased By ▼ -0.01 (-0.07%)
HBL 125.35 No Change ▼ 0.00 (0%)
HUBC 80.50 Increased By ▲ 0.35 (0.44%)
HUMNL 8.79 Decreased By ▼ -0.01 (-0.11%)
JSCL 17.25 Increased By ▲ 0.05 (0.29%)
KAPCO 25.46 Increased By ▲ 0.06 (0.24%)
KEL 3.77 Increased By ▲ 0.01 (0.27%)
LOTCHEM 12.93 Decreased By ▼ -0.02 (-0.15%)
MLCF 35.54 Increased By ▲ 0.09 (0.25%)
OGDC 112.77 Increased By ▲ 0.12 (0.11%)
PAEL 34.74 Increased By ▲ 0.10 (0.29%)
PIBTL 11.93 Increased By ▲ 0.04 (0.34%)
PIOC 87.47 Increased By ▲ 0.36 (0.41%)
POWER 9.40 Increased By ▲ 0.04 (0.43%)
PPL 99.45 Decreased By ▼ -0.05 (-0.05%)
PSO 182.80 Increased By ▲ 0.10 (0.05%)
SNGP 55.08 Increased By ▲ 0.08 (0.15%)
STPL 11.85 Decreased By ▼ -0.05 (-0.42%)
TRG 50.35 Increased By ▲ 0.05 (0.1%)
UNITY 13.35 Decreased By ▼ -0.10 (-0.74%)
WTL 1.39 Increased By ▲ 0.03 (2.21%)
BR100 4,146 Decreased By ▼ -14 (-0.34%)
BR30 21,193 Decreased By ▼ -110 (-0.52%)
KSE100 39,915 Decreased By ▼ -115 (-0.29%)
KSE30 17,262 Decreased By ▼ -35 (-0.2%)
COVID-19 TOTAL DAILY
CASES 284,660 0
DEATHS 6,097 0
Sindh 123,849 Cases
Punjab 94,477 Cases
Balochistan 11,906 Cases
Islamabad 15,261 Cases
KP 34,692 Cases

ISLAMABAD: Anti-tobacco activists have proposed Ministry of Finance at least Rs 20 increase in the Federal Excise Duty (FED) on cigarettes under different FED slabs/tiers in upcoming annual budget 2020-21 to enhance revenue collection of the Federal Board of Revenue (FBR) and discourage tobacco use during next fiscal year.

This was the crux of the "pre-budget press conference" jointly held by Human Development Foundation (HDF), Pakistan National Heart Association (PANAH) and Society for Protection of Rights of the Child (SPARC) on higher taxes on cigarettes for improved Health and Economy" held here on Wednesday at National Press Club Islamabad.

Azhar Saleem, CEO, Human Development Foundation (HDF) said that the country is facing a severe shortage of funds to combat the coronavirus (COVID-19). He further added that through changes in the taxation structure, tobacco industry has been evading taxes at the cost of the lives of people. The government needs to keep in mind the growing inflation rate while finalizing the taxes on tobacco products for fiscal year 2020-2021. He urged the government to increase FED on tobacco products by Rs20 for each slab of tobacco tax structure. Sana Ullah Ghuman, Secretary General, Pakistan National Heart Association said the government needs to adopt a futuristic approach and channelize the additional revenues into situations where financial setbacks are faced such as the current pandemic of coronavirus.

Copyright Business Recorder, 2020