Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Last of Us Season 2
    Videos

    ‘The Last of Us’ Season 2 Premieres Date What to Expect From HBO’s Hit Series

    April 13, 2025 2 Min Read
    Disney Snow White box office
    Videos

    Snow White Teaser Drops: Gal Gadot and Rachel Zegler Shine

    February 22, 2025 1 Min Read
    Busin Ja Dhika song
    Videos

    Busin Ja Dhika Song: A Raw Pakistani Anthem Goes Viral

    February 21, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: 2024-25 Budget: Federal Govt Targets Rs 60 Billion Recovery from Tobacco Sector
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Illegal Cigarette Sales in Pakistan, Federal Excise Duty, Tax Revenue, Philip Morris Pakistan
PhotoNews Pakistan > Business > 2024-25 Budget: Federal Govt Targets Rs 60 Billion Recovery from Tobacco Sector
Business

2024-25 Budget: Federal Govt Targets Rs 60 Billion Recovery from Tobacco Sector

Web Desk
By Web Desk Published June 8, 2024 1 Min Read
Share
SHARE

The federal government has resolved to intensify its fight against cigarette smuggling in the 2024-25 budget, aiming to recover an estimated Rs 60 billion.

According to sources familiar with the matter, a commission has been specifically tasked to collect this substantial amount.

As part of this stringent budgetary initiative, severe penalties are set for retailers dealing in smuggled or non-duty-paid cigarettes. Starting next fiscal year, offending shops will face fines and potential sealing.

The Pakistan government’s enforcement strategy is pivotal for curtailing illegal tobacco sales and ensuring adherence to tax laws. The International Monetary Fund (IMF) has endorsed the proposed measures of the Federal Board of Revenue (FBR).

Under the new regulations, authorities will destroy smuggled and non-duty-paid cigarette stocks. To implement these rules, the FBR has temporarily sealed shops in this illegal trade.

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

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

Advertisement

For more info visit Bank Alfalah

Recent Posts

China space supercomputer

China Launches World’s First Space Supercomputer with AI-Powered Satellites

Gold prices Pakistan May 2025

Gold Prices Surge to $3,241 Globally, Rs342,500 Per Tola in Pakistan

Prince Rahim Aga Khan

Sindh Assembly Approves Transfer of Aga Khan’s Property to Rahim

Gaza Slaughterhouse

British Surgeon in Gaza Calls Region a “Slaughterhouse” Amid Israeli Bombardment

Dawn Richard Diddy trial

Dawn Richard Testifies in Diddy’s Sex Trafficking Trial, Alleges Abuse

Post Archives

More Popular from Photonews

Justin Hailey Bieber rumors
Entertainment

Justin and Hailey Bieber Spotted Apart in LA Amid Marriage Rumors

2 Min Read
Nvidia Isaac GR00T
Tech

Nvidia Unveils Isaac GR00T-Dreams, NVLink Fusion at Computex 2025

3 Min Read
OpenAI Weekly Active Users
Tech

OpenAI Unveils Codex: Revolutionary AI Coding Agent for Developers

2 Min Read
Entertainment

Jamal Roberts Wins American Idol 2025, First Black Man in 22 Years

Jamal Roberts, 27, a physical education teacher from Meridian, Mississippi, won American Idol Season 23, becoming…

May 19, 2025
Entertainment

Kanye West Denies Sexual Harassment Claims, Calls Encounters Consensual

Kanye West has responded to a sexual harassment lawsuit filed by former assistant Lauren Pisciotta, denying…

May 13, 2025
Khyber Pakhtunkhwa

Kohistan Rs40 Billion Scandal: Rs1.59 Billion in Cash, Gold Recovered

Investigators in Khyber Pakhtunkhwa’s Kohistan district have recovered Rs1.59 billion in cash, gold, and foreign currency…

May 14, 2025
Offbeat

Mexican Influencer Valeria Márquez Killed During TikTok Live

A gunman fatally shot 23-year-old Mexican influencer Valeria Márquez on May 13, 2025, during a TikTok…

May 15, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?