Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: IMF Proposes Uniform Tobacco Taxation in Pakistan for Economic Health
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.
Uniform Tobacco Tax Pakistan
PhotoNews Pakistan > Business > IMF Proposes Uniform Tobacco Taxation in Pakistan for Economic Health
Business

IMF Proposes Uniform Tobacco Taxation in Pakistan for Economic Health

Web Desk
By Web Desk Published April 2, 2024 2 Min Read
Share
Uniform Tobacco Tax Pakistan. Photo: Bangladesh Post
SHARE

The International Monetary Fund (IMF) has suggested a uniform tobacco tax to counteract Pakistan’s economic losses linked to the cigarette industry’s dominance, its widespread use, and the resulting health expenditures.

The IMF’s report calls for a consistent cigarette tax in Pakistan to mitigate health risks and maximize sectoral revenue.

According to the IMF, cigarette consumption dropped by 20-25% following tax hikes on tobacco. The Fund also recommends equal taxes for e-cigarettes and traditional tobacco due to similar health risks.

The Sustainable Development Policy Institute (SDPI) has pointed out tax collection gaps, with Pakistan losing Rs 567 billion in revenue over seven years, per SDPI and Federal Board of Revenue (FBR) data.

Ex-Health Services Minister Dr. Nadeem Jan suggests a 50% tax increase on tobacco products to curb usage among the young, aligning with WHO’s Tobacco Control Framework. Pakistan’s adherence to this Framework stresses the need for consistent cigarette pricing to manage the industry and decrease consumption.

The influence of tobacco giants on tax policies has cost Pakistan dearly. Let's strengthen regulations to ensure corporate interests never outweigh the nation's well-being.#Pak_Loss567Billionpic.twitter.com/WlRMLbZ7vh@FBRSpokesperson@WHO@IMF@worldbank

— Arooma (@IamArooma) March 30, 2024

The WHO proposes strict taxes to lessen tobacco use, noting a 10% price hike could reduce consumption by 4% in wealthier nations and 8% in lower-income areas.

The Pakistan Institute of Development Economics (PIDE) reports that smoking-related diseases and deaths cost Rs 615.07 billion in 2019, about 1.6% of GDP.

A recent Pakistani initiative raised Federal Excise Duty on cigarettes, boosting revenue and reducing smoking rates. The World Bank indicates standardizing this tax could further increase earnings.

Protecting tobacco tax policies from corporate manipulation is paramount. Pakistan must safeguard its economic interests and public health by implementing robust measures against undue influence.#Pak_Loss567Billionpic.twitter.com/OoZqnOoWDh@FBRSpokesperson@WHO@IMF@worldbank pic.twitter.com/9ZY1xkmpnc

— Danish Kaleem (@danesh_kaleem) March 30, 2024

Malik Imran Ahmed of the Campaign for Tobacco-Free Kids (CTFK) encourages following the IMF’s tax reform advice to enhance public health and economic stability.

The IMF cites a Capital Calling study pushing for tax reform proposals.

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 *

Recent Posts

Chinese satellite internet

China Achieves 1Gbps Satellite Internet, Outpacing Starlink

Karachi maid Shehnaz theft

Karachi Maid Shehnaz Arrested for Rs50M Theft, Owned Luxury Cars and Properties

Sony lawsuit PlayStation pricing

Sony Faces Class Action Lawsuit in Netherlands Over PlayStation Digital Pricing

Portuguese citizenship law changes 2025

Portuguese Immigration and Citizenship Law Changes in 2025

Selena Gomez, Benny Blanco

Justin Bieber’s Instagram Post Sparks Selena Gomez Drama and Fan Backlash

Post Archives

More Popular from Photonews

Indian players delivered dominant centuries at Headingley, with Yashasvi Jaiswal scoring 101, KL Rahul posting 137, Shubman Gill compiling 147, and Rishabh Pant achieving 134 and 118 in the two innings
Sports

India Makes History as First Team to Lose a Test Match Despite Five Centuries

3 Min Read
Iran ceasefire Trump claim
Top NewsWorld

Iran Rejects Trump’s Ceasefire Claim, Continues Missile Strikes on Israel

3 Min Read
Love Island USA Season 7 New Couples
Entertainment

Love Island USA Season 7: New Couples Shine Amid Huda and Jeremiah’s Split

2 Min Read
Tech

YouTube to Enhance Shorts with Google’s Veo 3 AI Video Model

CEO Neal Mohan announced that YouTube will soon integrate Google’s Veo 3 AI video generation model…

June 20, 2025
Top NewsWorld

Air India Warned for Safety Violations Over Delayed Emergency Equipment Checks

India’s aviation regulator, the Directorate General of Civil Aviation (DGCA), has warned Air India for operating…

June 19, 2025
Top NewsWorld

Israel Claims Iran’s Nuclear Program Delayed by 2 Years Amid Ongoing Strikes

On June 21, 2025, Israel claimed its airstrikes set back Iran’s nuclear program by at least…

June 21, 2025
Sports

Pacers Crush Thunder in Game 6, Force NBA Finals Game 7

The Indiana Pacers dominated the Oklahoma City Thunder 108-91 in Game 6 of the NBA Finals,…

June 20, 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?