Advertisement
Categories: BusinessNews

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

Pakistan to Witness Nearly 7 Million Animal Sacrifices on Eid-ul-Adha

Pakistan is expected to witness the sacrifice of more than 6.97 million animals during Eid-ul-Adha…

1 day ago

US Tech Fund commits $10 million to 2 Pakistani IT entrepreneurs

Pakistan's two IT entrepreneurs-- Mehwish Salman Ali and Malik Mudassir—will receive funding of $10 million…

1 day ago

Spotify’s Fresh Finds Celebrates a Decade of Discovering Breakout Talent

Spotify has announced a major milestone for 2025 - 10 years of Fresh Finds, the…

1 day ago

Sindh Govt Bans Qingqi Rickshaws in Karachi, Imposes Heavy Fines Under New Traffic Reforms

Sindh’s Minister for Law and Home Affairs, Ziaul Hassan Lanjar, has approved sweeping changes to…

1 day ago

AKU LEADS with micro-credentials: A flexible programme for academic advancement, upskilling and reskilling

Today, the world is changing rapidly more so than ever before with disruptive technological development…

1 day ago

Aeon & Trisl Secures Emaar’s Top Broker Title for Q1 2025 – 7 Quarters in a Row

Aeon & Trisl Real Estate Group has once again claimed the coveted title of Emaar’s…

1 day ago