Audit team unlikely to submit report on tobacco MNCs before PAC on 23 May

ISLAMABAD: The Auditor General of Pakistan (AGP) is not likely to conclude the special audit of international tobacco companies operating in the country within...

Pakistan’s Auditor General initiates special audit of MNCs in tobacco sector

Pakistan’s Auditor General has started a forensic audit of multi-national companies (MNCs) of tobacco sector and sought necessary record from MNCs to conclude the audit within 15 days in light of Public Accounts Committee’s (PAC) directions, it has been learnt.

PAC summons FBR chairman over reduction in tax collection from tobacco sector

ISLAMABAD: The Federal Board of Revenue (FBR) has retained the third slab of federal excise duty (FED) on cigarette prices and sat aside stakeholder’s recommendations,...

FBR turned down health ministry’s proposal to increase cigarettes prices

ISLAMABAD: The Federal Board of Revenue (FBR) straightaway rejected the Ministry of National Health Regulation Authority’s proposal’ to soar the cigarettes price by Rs44...

Growers of tobacco threaten to stage sit-in in Islamabad on April 24

ISLAMABAD: The Anjuman-e-Tahfuzi Hoqiqi Kashtkaran and the Dealer Association Khyber-Pakhtunkhwa (KP) have threatened to stage a sit-in in the federal capital on April 24 if the government...

Health Ministry asks policy review of reducing cigarette prices to save lives 

ISLAMABAD: Contrary to the claim of the local tobacco industry about the market share of non-duty paid/illicit cigarette brands, a study has revealed that...

Philip Morris shifts entire capacity of its cigarette factory to smoke-free products

KARACHI: Philip Morris International (PMI) announced that the factory of its Greek affiliate Papastratos in Aspropyrgos, has ceased cigarette production and is now exclusively...

FBR’s third tax slab and enforcement drive hurts illicit tobacco

PESHAWAR: The policy from the Federal Board of Revenue (FBR) to introduce a third tax slab for cigarettes and step up its enforcement drive against...

Tobacco industry fails to deliver revenue target set by FBR

ISLAMABAD: Despite the introduction of a third slab on cigarette prices, the Federal Board of Revenue (FBR) has been losing revenue and is most...

Tobacco, cement, cotton production increases from last year

ISLAMABAD: Cement production in the country, witnessed a growth of 12.13 per cent during the first seven months of the current fiscal year, as compared to...

CCP recommends FBR to amend RFP clauses for tobacco track and trace system

KARACHI: The Competition Commission of Pakistan issued a policy note to the Federal Board of Revenue (FBR), with the recommendation to amend certain clauses...

Revenue share of tobacco industry decreases to 83.69bn in 2016-17

KARACHI: The revenue collection of Federal Board of Revenue (FBR) on documented cigarettes further declined to Rs83.69 billion in the year 2016-17 compared to...

Civil society lauds federal cabinet’s decision to ban sale of loose cigarettes

ISLAMABAD: The Network for Consumer Protection on Tuesday applauded the federal cabinet’s decision to ban the sale of loose cigarettes in a bid to discourage...

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