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

NAB to expand investigation into Rs60 billion tax evasion by cigarette industry

The Auditor General of Pakistan (AGP) office said the cigarette industry was involved in tax evasion to the tune of Rs33 billion

Legit manufacturers demand govt to restrict sale of illicit cigarettes

Most of these illicit cigarettes having approximately 35% market share are produced in Azad Kashmir and Khyber-Pakhtunkhwa claimed the stakeholders

NAB widens investigation into lower tax collection from tobacco sector

The introduction of the three-tier tax system for the tobacco industry resulted in a massive fall in tax revenue collection of Rs33 billion, which is a major contributor to the public exchequer

Senate body demands report from FBR over tobacco revenue shortfall

ISLAMABAD: A special committee of the Senate on the decline in tax collection from the tobacco industry has sought a report in...

PTC cautions its sales will be impacted, if govt restores two-tier tax system

According to the formal sector, the creation of the third-tier helped to dent illicit cigarette trade from 41.2 percent to 33.3 percent in a span of one year

Senate Committee gives FBR a fortnight to report on tax collection decline from tobacco

Present on the occasion, the FBR officials said, decline in tax collection was because of fake and illegal (smuggled and non-custom paid) cigarettes

Senate panel to take up declining tobacco revenues in meeting today

ISLAMABAD: The Senate Special Committee on the causes of declining tax revenues from the tobacco sector is scheduled to be held today...

NAB asks FBR for assistance in investigation against declining revenues from tobacco sector

ISLAMABAD: The National Accountability Bureau (NAB) has asked the Federal Board of Revenue (FBR) to appoint a focal person for assistance in...

Revenue from cigarette industry surges by Rs88.54bn in 2017-18

KARACHI: On a report of the Public Accounts Committee (PAC) submitted on May 23, the National Accountability Bureau (NAB) has initiated an investigation...

Cigarette manufacturers fail to comply with health ministry’s directives

A recently conducted market survey has identified that a majority of the brands of local cigarette manufacturers in Pakistan are still non-compliant with the latest Pictorial Health Warning (PHW) law

Health ministry launches crackdown against violators of PHW on cigarette packs

ISLAMABAD: Taking a strong exception to the availability of cigarette packets with no Pictorial Health Warning (PHW) or having PHW less than...