AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

ISLAMABAD: Former caretaker Minister for Information and Broadcasting Murtaza Solangi said there is urgent need to increase taxes on tobacco products in coming budget (2024-25) to save Pakistani youth and economy.

In a collaborative effort to tackle the urgent issue of tobacco consumption in Pakistan, the Society for the Protection of the Rights of the Child (SPARC) Wednesday organized an event to celebrate “World No Tobacco Day-2024”.

Former Caretaker Minister of Information and Broadcasting of Pakistan Murtaza Solangi while speaking at this occasion shared that, Pakistan has the largest generation of young people ever recorded in national history. However due to relaxed tobacco control policy in Pakistan, this group is severely exploited by tobacco industry, putting their health and future at extreme risk.

Tobacco and Nicotine addiction serves as a gateway to many other forms of substance abuse and may cause serious health and mental health issues among youth. If the attempts of tobacco industry to attract young customers are not kept in check through proper mechanisms, they will grow more powerful and keep being the cause of deaths and diseases in the country.

He further added that, Pakistan faces a significant challenge with widespread tobacco consumption, with over 31.9 million adults aged 15 years and above identified as current tobacco users, constituting nearly 19.7% of the adult population. Smoking-related illnesses claim over 160,000 lives annually, both the World Health Organization and the World Bank have consistently recommended Pakistan to improve its tobacco taxation.

Malik Imran Ahmad, Country Head Campaign for Tobacco-Free Kids (CTFK) said that a 26.6% FED increase for the fiscal year 2024-25, appears to be a significant step forward. Not only could it help recoup a substantial portion of healthcare costs, but it also has the potential to discourage hundreds of thousands of individuals from smoking. Additionally, the projected revenue increase could be valuable for funding various public health initiatives and strengthening the national economy.

Copyright Business Recorder, 2024

Comments

Comments are closed.