Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Billie Eilish Elon Musk
    EntertainmentVideos

    Billie Eilish Criticizes Elon Musk, Calls Billionaire Wealth “Pathetic”

    November 14, 2025 3 Min Read
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

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

    June 24, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: IMF Proposes Uniform Tobacco Taxation in Pakistan for Economic Health
PhotoNews PakistanPhotoNews 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 *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Porsche Formula E expansion

Porsche to Field Four Factory Cars in Formula E from 2026-27 Season

AJK Prime Minister Raja Faisal Rathore

Raja Faisal Rathore Sworn In as New AJK Prime Minister

Pakistan Panda Bond

Pakistan Delays Panda Bond Issuance to 2026, Awaits AIIB Guarantee

Post Archives

More Popular from Photonews

Meitu AI snow scene
Offbeat

Meitu’s AI Snow Scene Effect Goes Viral: How It Works and What It Means

4 Min Read
Sri Lanka Pakistan ODI series
Sports

Sri Lanka Cricket Confirms Pakistan Tour Will Continue After Security Concerns

3 Min Read
TTP terror cell Islamabad suicide attack
Pakistan

Security Forces Dismantle TTP Terror Cell Behind Islamabad Suicide Attack

2 Min Read
Sports

Jannik Sinner Defeats Carlos Alcaraz to Win Second Straight ATP Finals Title

Italian tennis star Jannik Sinner captured his second consecutive ATP Finals title with a straight-sets victory…

November 17, 2025
Top NewsWorld

White House Defends Trump After Epstein Email Release

The White House firmly defended former President Donald Trump following the Democratic release of emails concerning…

November 13, 2025
Entertainment

Britney Spears and Kardashians’ Surprise Sleepover Sparks Fan Frenzy

Britney Spears shared unexpected photographs featuring herself with Kim and Khloé Kardashian during an apparent sleepover…

November 16, 2025
Business

Gold Prices in Pakistan Fall On November 14, 2025

Gold rates experienced significant declines in Pakistani markets on Friday, November 14, 2025, according to the…

November 14, 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?