Advertisement
News

Experts Advocate for Higher Tobacco Taxation to Boost Economy

Advertisement

Amid economic challenges, experts and anti-tobacco activists are urging for increased tobacco taxation as a means to bolster the economy and advance public health agendas.

The Society for the Protection of Rights of the Child (SPARC) issued a statement urging new Finance Minister Muhammad Aurangzeb to consider tobacco taxation as a potential solution to economic woes, emphasizing its dual benefit of addressing economic concerns while promoting public health.

SPARC echoed the sentiments of health activists, emphasizing the need for higher taxes on cigarettes over utilities. This strategic approach, according to SPARC, aligns with public health goals and addresses broader economic implications associated with tobacco use.

Malik Imran Ahmad, Country Head of the Campaign for Tobacco-Free Kids (CTFK), highlighted the significant challenge posed by tobacco consumption in Pakistan, with approximately 31.9 million adults consuming tobacco. Ahmad stressed the impact on public health and the economy, emphasizing the burden on healthcare resources to treat smoking-induced non-communicable diseases.

IBC Director Rabia Syed proposed a 26% increase in taxes on cigarettes, which could generate an additional Rs17 billion in revenue for Pakistan. Syed emphasized that this proposal not only addresses immediate fiscal pressures but also aligns with broader public health objectives outlined by the WHO, aiming to discourage tobacco consumption and protect public health.

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

Sindh Approves First Transgender Education Policy Draft

Sindh’s Education Minister Syed Sardar Ali Shah has approved a draft of Pakistan’s first-ever Transgender…

1 day ago

Biden and Trump Meet in White House, Pledge Smooth Transition of Power

In a historic and cordial Oval Office meeting, President Joe Biden and President-elect Donald Trump,…

1 day ago

Meta supports Pakistani creators in Karachi to inspire a new wave of content

Meta connected with content creators in Karachi through various engagements starting with an event on…

1 day ago

SNGPL Announces Winter Gas Schedule

Sui Northern Gas Pipelines Limited (SNGPL) has introduced a revised winter gas supply schedule, aiming…

2 days ago

Mayor Proposes High-Rise in Slums to Improve Karachi’s Infrastructure

Mayor Barrister Murtaza Wahab, during a visit to the (Association of Builders and Developers) ABAD…

2 days ago

Spotify Reports Strong Financial Growth with 19% Revenue Surge

Last night, Spotify released its Q3 2024 earnings, continuing to showcase its strong performance as…

2 days ago