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

PTCL Flash Fiber surpasses 900,000 subscribers, reinforcing leadership in Pakistan’s fiber broadband market

Pakistan Telecommunication Company Limited (PTCL) has achieved another significant milestone as PTCL Flash Fiber, the…

13 hours ago

Centre for Excellence in Islamic FinTech established by Meezan Bank at Iqra University

Meezan Bank, Pakistan’s leading Islamic bank and one of the country’s largest banks, has established…

2 days ago

Hong Kong Designer Robert Wun: Rising Millennial’s Haute Couture Triumphs

Robert Wun, a 34-year-old Hong Kong-born designer, has risen from obscurity to become one of…

2 days ago

King Charles Reveals Adorable Urdu Nickname For Queen Camilla

King Charles refers to Queen Camilla as his 'mehbooba,' an affectionate term he often uses…

2 days ago

Sindh Sets Up Rs2b Fund for HIV-Affected Children’s Treatment and Welfare

The Sindh Employees' Social Security Institution (SESSI) governing body has approved a Rs2 billion endowment…

2 days ago

Andrew Mountbatten-Windsor’s Future in UK at Risk Amid Epstein Files Fallout, Says Source

Andrew Mountbatten-Windsor, a prominent figure in the Epstein Files saga, is reportedly facing isolation from…

2 days ago