BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)

ISLAMABAD: Health activists highly appreciated Prime Minister Shehbaz Sharif’s fiscal policy stance of raising taxes on tobacco products in line with the World Health Organization (WHO) recommendations.

During an event organized by Society for the Protection of the Rights of the Child (SPARC) at a local hotel on Friday, health activists stated that this decision will help Pakistan’s economy provided that the government remains steadfast by not falling to tobacco industry’s misinformation campaign.

Malik Imran, Country Head, Campaign for tobacco-free kids (CTFK), mentioned that tobacco is the largest silent killer in Pakistan as above 337,500 people die due to tobacco use each year as reported by IHME, Global Burden of Disease 2019. This pandemic also causes an annual economic burden of 615 billion which is 1.6 percent of Pakistan’s Gross Domestic Product (GDP).

The industry claims to be the biggest major tax payers but the revenue generated from the tobacco industry is only 150 billion. He mentioned that on average Pakistani smokers spend 10 percent of their monthly income on cigarettes. Therefore this increase will make cigarettes go out of reach of low income citizens and children and thus saving them for its harms, and also making more disposable income available.

Malik Imran also highlighted that since deadly products of tobacco industry are snatching people’s precious resources, it is only fair that the industry is made to pay for the damages it is causing. Therefore the tobacco industry has no grounds to play victim card.

Instead of listening to the misinformation spread by tobacco industry, everyone must appreciate government’s decision which is in interest of Pakistan’s health and economy. Since 2014 the multinationals regularly report illicit cigarette trade to be at 40 percent of the total market whilst the actual number is 18 percent as per independent studies.

Most of these multinational companies are themselves part of the problem by allowing sales of their smuggled international brands.

Dr Ziauddin Islam, Former Technical Head, Tobacco Control Cell, Ministry of Health, mentioned that increased prices remain the most effective tool in keeping these killer products away from spending power of children and low-incomed groups.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.