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Categories: BusinessNews

Experts Advocate for Higher Tobacco Taxation to Boost Economy

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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.

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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.

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