FBR grants powers to IRS and provincial officers for cigarette seizures
New regulations enable officers to seize cigarettes without valid or fake stamps nationwide
Sindh sets new minimum wage at Rs40,000, boosts rates for skilled workers
New wage structure effective July 1 applies to all establishments; Rs192 per hour fixed for daily wagers
Pakistan collects record Rs298 billion in tobacco taxes, but WHO warns of gaps in control measures
Despite tax reforms, Pakistan lags behind in implementing full tobacco control policies
ECC directs shift from minimum indicative prices to open market pricing for tobacco crop
Ministry of National Food Security tasked with developing plan to phase out fixed tobacco prices in favor of market-driven rates
FBR collects Rs240 billion from tobacco sector, disputes industry claims of revenue decline
Growing tax collection figures contradict proposals from the tobacco industry that seek reductions in tobacco taxes
Pakistan Tobacco Company appoints new chairman, CEO, and CFO
New leadership appointed for three-year term amid evolving regulatory landscape
Major tobacco firm initiates shutdowns as smuggled, illicit cigarettes flood market
PTC fears that exponential increase in illicit cigarettes may lead to business shutdown
After PTC, Philip Morris also shows concerns over smuggling, sale of illicit cigarettesÂ
ISLAMABAD: The Pakistani tobacco industry is facing major challenges as the sale of illicit cigarettes has spiked following a massive increase in...
Pakistan’s tobacco exports surge 137pc YoY in July
ISLAMABAD: Pakistan’s tobacco exports have increased by 137.53 per cent to $2.171 million in July, the first month of fiscal year (FY)...
Pakistan Tobacco Company’s profit increases 7.95pc to 7.6bn in six months
LAHORE: Pakistan Tobacco Company Limited (PAKT) on Friday released its financial results for the half year ended June 30, 2020 announcing that...
How a rift in Pakistan’s tobacco industry determines how cigarettes are taxed and not the government
Local and multinational tobacco companies engage in brutal lobbying and media wars to try and tax each other out of business and influence.
Govt rejects recommendation of imposing of sin tax on tobacco and beverages
The recommendation of sin tax was put forth by MNHS for the financing of insurance scheme and fatal diseases programme of Prime Minister Imran Khan
TRC decides to refine system for valuation of immovable properties
Hence, it has been agreed upon to survey the likelihood of effectively utilizing the National Database and Registration Authority (Nadra) data for bringing potential people into the tax net
Additional revenue measures of up to Rs150 billion expected in upcoming mini-budget: Report
The brokerage house said the hike in interest rate by 425 basis points and rupee devaluation of 24% since December 2017 have cumulatively increased annual debt servicing requirement of government by Rs700-800 billion
Legal cigarette sales decline 7.4% in 2017: Oxford Economics
According to the report, actual government revenues were estimated to have increased by 8.3 per cent in fiscal year 2017/18, underpinned by an acceleration in legal domestic sales, which rose by an estimated 73.9% over the same period