Tobacco board issues formula for purchase in KP

PESHAWAR: The Pakistan Tobacco Board (PTB) has issued a formula for the purchase of tobacco after farmers in Swabi staged protests demanding the government to issue a mechanism for tobacco purchase.

Government sources said that five million kg of tobacco will be purchased from farmers through 31 companies and that the Pakistan Tobacco Company (PTC) has been directed to buy more than 2.68 million kg of tobacco from farmers.

According to the order issued by PTB, a formula has also been worked out for the purchase of leftover tobacco with the consent of all stockholders.
The PTC has been directed to procure more than 53 per cent, Philips Morris Limited Company has been directed to purchase 1.36 million kg or 26 per cent of tobacco, and Khyber Tobacco Company to purchase 4 per cent or 221,000 kg of tobacco.
Earlier on Monday, farmers had staged a protest in Swabi against the lack of formula for the purchase of tobacco crop. The protesting farmers had blocked the Peshawar-Islamabad Motorway for three hours.
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