Illicit tobacco trade surged from 37% in 2021 to 63% in 2024, costing Pakistan Rs. 330B annually. Meanwhile, Tier-I brands pay 84% in excise and Tier-II 60%. Rationalizing excise is the only way to combat this growing economic sabotage! 📉 @FBRSpokesperson #RationalizeTobaccoExcise
November 21, 2024 at 2:40 PM
Illicit tobacco trade surged from 37% in 2021 to 63% in 2024, costing Pakistan Rs. 330B annually. Meanwhile, Tier-I brands pay 84% in excise and Tier-II 60%. Rationalizing excise is the only way to combat this growing economic sabotage! 📉 @FBRSpokesperson #RationalizeTobaccoExcise
Pakistan’s legal tobacco sector contributes over Rs. 200B annually, yet 63% of the market is now controlled by illicit traders evading Rs. 330B ($1.2B) yearly. These operators sell below the legal minimum price of Rs. 162.25, crippling tax revenues. 🛑 @PakPMO #RationalizeTobaccoExcise
November 19, 2024 at 5:02 AM
Pakistan’s legal tobacco sector contributes over Rs. 200B annually, yet 63% of the market is now controlled by illicit traders evading Rs. 330B ($1.2B) yearly. These operators sell below the legal minimum price of Rs. 162.25, crippling tax revenues. 🛑 @PakPMO #RationalizeTobaccoExcise