AIRLINK 193.50 Decreased By ▼ -1.51 (-0.77%)
BOP 9.64 Decreased By ▼ -0.13 (-1.33%)
CNERGY 7.53 Increased By ▲ 0.17 (2.31%)
FCCL 37.70 Decreased By ▼ -1.07 (-2.76%)
FFL 15.60 Increased By ▲ 0.01 (0.06%)
FLYNG 25.59 Increased By ▲ 0.18 (0.71%)
HUBC 127.07 Decreased By ▼ -1.55 (-1.21%)
HUMNL 13.50 Decreased By ▼ -0.31 (-2.24%)
KEL 4.58 Increased By ▲ 0.09 (2%)
KOSM 6.10 Decreased By ▼ -0.20 (-3.17%)
MLCF 43.96 Decreased By ▼ -0.83 (-1.85%)
OGDC 203.24 Decreased By ▼ -0.36 (-0.18%)
PACE 6.40 Decreased By ▼ -0.02 (-0.31%)
PAEL 40.98 Decreased By ▼ -0.15 (-0.36%)
PIAHCLA 17.49 Increased By ▲ 0.77 (4.61%)
PIBTL 7.66 Decreased By ▼ -0.02 (-0.26%)
POWER 9.08 Increased By ▲ 0.04 (0.44%)
PPL 174.25 Increased By ▲ 0.34 (0.2%)
PRL 38.07 Decreased By ▼ -1.01 (-2.58%)
PTC 24.07 Decreased By ▼ -0.97 (-3.87%)
SEARL 107.24 Decreased By ▼ -1.82 (-1.67%)
SILK 0.97 Decreased By ▼ -0.02 (-2.02%)
SSGC 36.40 Decreased By ▼ -1.74 (-4.56%)
SYM 19.04 Decreased By ▼ -0.45 (-2.31%)
TELE 8.24 Decreased By ▼ -0.12 (-1.44%)
TPLP 11.78 Decreased By ▼ -0.35 (-2.89%)
TRG 64.88 Increased By ▲ 0.09 (0.14%)
WAVESAPP 11.63 Increased By ▲ 1.06 (10.03%)
WTL 1.68 Decreased By ▼ -0.01 (-0.59%)
YOUW 3.85 Decreased By ▼ -0.02 (-0.52%)
BR100 11,765 Decreased By -123.2 (-1.04%)
BR30 34,986 Decreased By -233.6 (-0.66%)
KSE100 111,487 Decreased By -543 (-0.48%)
KSE30 34,934 Decreased By -201.5 (-0.57%)

ISLAMABAD: The World Health Organisation’s (WHO) new study found that there is no evidence that Pakistan’s illicit cigarette market is as large as the tobacco industry claims, but the illicit trade of cigarettes accounted for 23.1 percent of the total trade.

The study also stressed that the most effective way to reduce tobacco consumption was to increase the prices of tobacco products.

The world’s top health body emphasised that the prices of tobacco products in Pakistan should be increased by taxing the tobacco industry.

According to the study which is based on Pakistan Bureau of Statistics data, tax evasion on domestically produced cigarettes in 2015-16 amounted to Rs 53.8 billion in which Rs 38.9 billion, which is above 72 percent of the total share, was evaded by legitimate sector.

The study, refereeing to a survey conducted in the federal capital Islamabad, also revealed that Pakistan Tobacco Company (PTC) was one of the largest tobacco companies with a market share of over 56 percent in Islamabad, while Philip Morris International (PMI) had over 20 percent of the market.

The study found that the illicit market share was around 23 percent out of which 47 percent is smuggled and 45 percent is non tax paid. The study revealed that eight percent of the illicit market share is of counterfeit cigarettes.

Meanwhile, anti-tobacco activists have pressed the government to raise tobacco taxes to 70 percent of the retail price, in line with WHO guidelines, to combat the alarming rate of tobacco consumption among youth.

Malik Imran Ahmed, Country Head of the Campaign for Tobacco-Free Kids (CTFK), emphasised the need for urgent action, citing the significant impact of tobacco use on public health. “With over 60 percent of the population comprising youth, it’s crucial for the government to protect them from the ills of tobacco use,” he said.

He said the move was expected to generate additional revenue, surpassing Rs 200 billion by year-end, and help recoup healthcare costs associated with smoking-related illnesses. Tobacco consumption claims approximately 160,000 lives annually, accounting for 1.4 percent of Pakistan’s GDP in healthcare expenses.

Copyright Business Recorder, 2024

Comments

Comments are closed.