No Result
View All Result
Thursday, July 3, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Image: Facebook

    Adult film star Kylie Page dies of suspected drug overdose

    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

    File photo

    Shefali Jariwala’s sudden death sparks Bollywood debate on anti-aging treatments

    (File Photo)

    India lifts ban on Pakistani YouTube entertainment channels

    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Image: Facebook

    Adult film star Kylie Page dies of suspected drug overdose

    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

    File photo

    Shefali Jariwala’s sudden death sparks Bollywood debate on anti-aging treatments

    (File Photo)

    India lifts ban on Pakistani YouTube entertainment channels

    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Uncategorized

Cigarette prices increased manifold across Pakistan

MM News Staff by MM News Staff
February 19, 2023

ISLAMABAD: As a result of the supplementary finance bill, tabled in the parliament by the finance minister this week, suggesting to impose extra taxes and duties of Rs 170 billion on luxury goods such as cigarettes,the prices of various cigarette brands, such as Marlboro, Benson and Hedges, Gold Leaf, Capstan, Gold Flake, Dunhill, Embassy, and Morven Gold, have been increased manifold.

It may be mentioned here that the Federal Board of Revenue (FBR), on Tuesday had notified the FED increase on expensive brands from Rs6.5 per cigarette to Rs16.5 – an increase of 153%. For less expensive brands, per stick increase is from Rs2.55 to Rs5.05 – an increase of 98%.

Reacting to the huge jump in FED, one of the major multinational tobacco firms in Pakistan, Philip Morris Pakistan Ltd, has claimed that the latest increase of FED on cigarettes by greater than 150% will result in a price increase of more than 250%, as compared to the prices of the cigarettes in financial year 2022 (Q1, 2022).

“The proposed unprecedented tax hike for the tax-paying tobacco companies will effectively favor the already vast illicit cigarette manufacturers in Pakistan. This will also lead to significant shortfalls in Government revenue as the volumes will massively shift from the tax-paid sector to the non-tax-paid sector, as it has often been seen in the past, “said spokesperson Philip Morris Pakistan Ltd in a statement.

As per the company, during the period 2019-2021 the FED increase was to the tune of 26%. During the current fiscal year 2022-23, FED on cigarettes was already increased by 25% in an earlier development. 

According to cigarette industry sources, the legitimate industry has been very clear on the stance that excise led price increases give rise to the sales of the illicit cigarette sector which still continues to operate in Pakistan.

As per details, there are more than 200 illicit cigarette brands being produced by over 40 companies in KPK and AJK. These companies are selling their products in a price range of Rs 35 to Rs. 60 per cigarette pack. They continue to openly flaunt the minimum mandated price law, which clearly states that cigarettes cannot be sold for less than Rs. 70 per pack of 20 cigarettes. But because these companies are not under the radar of the government, they get away with the violation.

The legitimate industry on the other hand, has to ensure compliance to the fiscal law and increases the price of cigarettes, which results in consumers down trading from legitimate company brands to illicit sector brands. As a result, sales of illicit/undocumented brands increase. Currently, this loss is estimated at more than Rs. 70 billion/year according to various tobacco brands.

The government’s stance on the matter, however, has been consistent across political leaderships. Starting from 2018, “sin tax” was initially imposed on the consumption of cigarettes. The same stance has later been picked up in the times of a financial crunch. 

ShareTweetSendShare
Previous Post

Cultural trends and intolerance

Next Post

Bilawal meets world leaders at Munich Security moot

Related Stories

Online
Uncategorized

CM Punjab Maryam Nawaz visits field hospital near Murree

July 2, 2025
File photo
Uncategorized

No Pakistani university among top 350 in QS 2026 rankings

July 1, 2025
File photo
Uncategorized

Sharjeel Memon announces 4,400 new teaching jobs in Sindh

July 2, 2025
Screen grab
Uncategorized

VIDEO: Lahore teacher passes away after suffering heart attack during lecture

July 1, 2025
NADRA logo
Uncategorized

NADRA announces major services update for citizens

July 1, 2025
File photo
Daily Buzz

Mehr Bano opens up about harassment in the entertainment industry

June 30, 2025
Photo credit Express News
Uncategorized

US woman travels to Pakistan for her online lover

June 30, 2025
File photo
Uncategorized

Pakistan elected UNIDO president first time ever

June 30, 2025
File photo
Uncategorized

Sanam Javed gets bail in anti-state remarks case

June 30, 2025
Justice Sardar Muham­mad Sarfraz Dogar
Uncategorized

Justice Dogar notified as senior-most IHC judge in revised seniority list

June 29, 2025
Next Post

Bilawal meets world leaders at Munich Security moot

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

file photo
Business & Stock

Pakistan Goods Transport threatens nationwide strike against hike in fuel prices

by MM News Staff
July 3, 2025
file photo
Transport

Pakistan Railways increases fares following hike in fuel prices

by MM News Staff
July 3, 2025
Image: Facebook
Film & TV

Adult film star Kylie Page dies of suspected drug overdose

by MM News Staff
July 3, 2025
file photo
Business & Stock

New Suzuki car prices announced after implementation of Budget 2025–26

by MM News Staff
July 3, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 3, 2025

by MM News Staff
July 3, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Weather

Heavy rains, flash floods forecast across country during July 6-10

by MM News Staff
July 2, 2025

The Meteorological Department warns of urban flooding, flash floods, and landslides in several regions...

Heatwave. File photo

Europe heatwave claims four lives each in Spain, France

July 2, 2025
File photo

Pakistan flash floods, heavy showers kill 64 in a week

July 2, 2025
(File Photo)

Weather forecast for Karachi today

June 30, 2025
See all

Prices

file photo
Business & Stock

New Suzuki car prices announced after implementation of Budget 2025–26

by MM News Staff
July 3, 2025

Pak Suzuki Motor Company has announced the new prices of all its car models...

representative image

Latest gold prices in Pakistan today- 3 July 2025

July 3, 2025
Online/File photo

NEPRA approves Rs1.15/unit cut in basic electricity tariff

July 2, 2025
(Image: Pakwheels)

Lucky Motor increases prices of KIA-brand vehicles by up to Rs700,000

July 2, 2025
See all

Transport News

file photo
Business & Stock

Pakistan Goods Transport threatens nationwide strike against hike in fuel prices

by MM News Staff
July 3, 2025

Pakistan Goods Transport has threatened a nationwide strike against the recent increase in the...

file photo

Pakistan Railways increases fares following hike in fuel prices

July 3, 2025
file photo

Islamabad Police issue traffic plan for today’s Muharram procession

July 2, 2025
File photo

BRT Peshawar increases bus fares

July 1, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.