Trends - tax on cigarettes - Business Recorder

tax on cigarettes

Rs237bn FED collected from cigarettes in 2023-24

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 237 billion as federal excise duty (FED) from...

Updated 11 Nov, 2024 09:24am

Editorials

An MNC’s warning and FDI troubles

EDITORIAL: In a highly troubling development, one of the oldest multinational companies (MNCs) operating in the...

Published 01 Jun, 2024 06:59am

Budget 2024-25: SPDC proposes 37pc increase in FED on tobacco products

ISLAMABAD: The Social Policy Development Centre (SPDC) has proposed a 37 percent increase in Federal Excise Duty...

Updated 06 May, 2024 09:01am

Business & Finance

Cigarettes: Aurat Foundation proposes 26pc hike in FED

ISLAMABAD: Aurat Foundation Thursday proposed the budget makers to raise Federal Excise Duty (FED) on cigarettes by...

Published 05 Apr, 2024 04:50am

Business & Finance

Tobacco industry: IMF recommends uniform tax structure

ISLAMABAD: The International Monetary Fund (IMF) has recommended implementation of a uniform tax structure on the...

Published 28 Mar, 2024 05:47am

Business & Finance

Uniform excise duty rates on cigarette makers: IMF’s recommendations welcomed

ISLAMABAD: Capital Calling, an Islamabad-based think tank, Friday welcomed the recommendation of the International...

Published 21 Mar, 2024 05:22am

Business & Finance

Cigarette industry: Influence on policymaking caused Rs567bn revenue loss in last 7 years

ISLAMABAD: The influence of cigarette industry on policymaking has not only impacted nation’s financial well-being...

Published 04 Jan, 2024 05:41am

Editorials

Despite a 146pc FED hike on cigarettes

EDITORIAL: Going by FBR (Federal Board of Revenue) revenue figures, it has successfully busted the great tobacco...

Published 16 Dec, 2023 05:49am

Business & Finance

Multinational cigarette makers accused of creating misunderstanding about FED hike

ISLAMABAD: Capital Calling, a network of academic researchers and professionals, has stated that the government is...

Published 24 Aug, 2023 06:22am

Business & Finance

Sale of cigarettes below minimum price: PTC clarifies FBR’s enforcement action does not pertain to its operations

ISLAMABAD: The Pakistan Tobacco Company Limited (PTC) on Wednesday categorically clarified that the Federal Board of...

Published 24 Aug, 2023 06:22am

Share of smuggled cigarettes further increases: Documented sector demands govt take action

Pakistan Tobacco Company (PTC) apprehends that the market share of the illicit tobacco sector would further cross 53 percent in the next quarter of 2023-24

Updated 21 Aug, 2023 09:58am

Cigarettes, juices: FED reduction likely

ISLAMABAD: In an unexpected move, the amended Finance Bill 2023 to be announced on June 23 is expected to decrease...

Updated 16 Jun, 2023 08:59am

Decline in production: Tobacco industry accused of declaring misleading statistics

ISLAMABAD: The tobacco industry is declaring misleading statistics about the decline in the declared production of...

Updated 26 May, 2023 08:50am

Tobacco industry: FBR anticipates Rs200bn collection on FED hike

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect around Rs200 billion from the tobacco...

Updated 22 May, 2023 09:09am

Business & Finance

Manufacturing unit: T&T system installation decreases overall sales of illicit cigarettes

ISLAMABAD: The installation of the track and trace system at the manufacturing units has decreased the overall sales...

Published 19 May, 2023 06:17am

Business & Finance

Cigarettes: FBR generates additional Rs11.3bn under FED

ISLAMABAD: The Federal Board of Revenue (FBR) has so far generated an additional amount of Rs11.3 billion under the...

Published 18 May, 2023 06:10am

Business & Finance

Market share of smuggled cigarettes likely to increase by 50pc

LAHORE: Illicit cigarette brands account for a significant portion of the market, and the tax discrepancy caused by...

Published 10 May, 2023 06:03am

Business & Finance

Pakistan selling cheapest cigarettes in region: Study

ISLAMABAD: Pakistan is selling cheapest cigarettes in the region, revealed a research study on Thursday. For...

Updated 05 May, 2023 07:06am

Business & Finance

FBR rescinds SRO but new FED rates on cigarettes to remain intact

ISLAMABAD: The Federal Board of Revenue (FBR) has rescinded SRO 178(I)/2023 which has considerably increased the...

Published 03 May, 2023 06:42am

FED on tobacco products: Govt may get additional revenue of Rs60bn

ISLAMABAD: The government has estimated to generate an additional revenue of at least Rs60 billion following raise...

Updated 02 May, 2023 08:50am

Govt fails to implement WB-recommended tax reforms

ISLAMABAD: The government has failed to fully implement the World Bank recommended major tax reforms for enhancing...

Updated 20 Apr, 2023 08:35am

Business & Finance

Cigarette industry: FBR seeks to generate extra Rs185bn revenue thru FED, GST

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to generate additional revenue of around Rs185 billion...

Published 19 Apr, 2023 06:36am

Pakistan

Govt urged to stick to new FED rate on cigarettes

ISLAMABAD: Health activists have urged the government to remain steadfast on its decision to double the Federal...

Published 17 Apr, 2023 06:41am

Pakistan

Huge rise in FED on cigarettes: govt urged to remain ‘steadfast’

ISLAMABAD: Health activists urged the government to remain steadfast on its major decision of doubling the Federal...

Published 14 Apr, 2023 05:59am

Business & Finance

Rise in FED gives informal cigarette industry a huge boost

ISLAMABAD: The illicit cigarette industry captured the overall market of documented cigarette manufacturers in April...

Published 13 Apr, 2023 06:37am

Pakistan

Experts hail govt’s decision to enhance tax rate on cigarettes

ISLAMABAD: The social activists and health experts Sunday highly appreciated government’s decision of higher...

Published 10 Apr, 2023 06:45am

Pakistan

AJK govt notifies huge increase in FED on cigarettes

ISLAMABAD: The Central Board of Revenue Azad Kashmir on Tuesday substantially raised Federal Excise Duty on...

Published 01 Mar, 2023 07:30am

Pakistan

Massive tax hike proposed for cigarette cos to benefit illicit firms: PMPL

KARACHI: The unprecedented tax hike proposed for tax-paying tobacco companies would effectively favour the illicit...

Published 16 Feb, 2023 06:08am

FED on cigarettes doubled

ISLAMABAD: The government has started the implementation of the mini-budget late Tuesday night by doubling the...

Updated 15 Feb, 2023 08:58am

Business & Finance

FBR seeks to raise FED on motor vehicles

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to raise the federal excise duty (FED) on imported and...

Updated 28 Jan, 2023 08:42am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Cotton US¢/pound / Dec 24	69.13
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

Markets →

Budget 2024-25: income tax calculator for FY25

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