Trends - tobacco sector - Business Recorder

tobacco sector

SDPI holds seminar: Speakers highlight need for robust tobacco tax policy

ISLAMABAD: Speakers at a seminar on Monday expressed serious concern that the absence of taxation on smokeless...

Published 19 Nov, 2024 06:34am

Salaried class: Govt explains how tax burden can be lessened

Will reduce tax burden on salaried class and withdraw tax on milk if FBR is able to recover Rs 300 billion to Rs 350 billion of tax evasion from non-duty paid and smuggled cigarettes

Updated 15 Nov, 2024 02:55pm

Opinion

Tobacco taxes – treaties, tensions, and trends

Pakistan faces a pressing need for a sustainable tobacco taxation policy, particularly as tobacco use imposes severe...

Published 13 Nov, 2024 07:15am

Pakistan

Higher taxes lower cigarette consumption: study

ISLAMABAD: The consumption of cigarettes in Pakistan has witnessed a decline after the government took a bold...

Published 18 Apr, 2024 03:24am

Track and trace system: PM directs removal of all legal hitches

ISLAMABAD: Prime Minister Shehbaz Sharif has directed that all the legal obstacles in the full implementation of the...

Updated 26 Mar, 2024 08:51am

Pakistan

Fake stamps: Around 850m counterfeit cigarette sticks being sold across country

ISLAMABAD: The documented tobacco industry Monday raised serious concern that around 850 million counterfeit...

Published 23 Jan, 2024 05:14am

Business & Finance

PTC holds session on efficacy of T&T in tobacco sector

ISLAMABAD: The success of Track & Trace System in Pakistan will depend upon the implementation of the system in...

Published 12 Nov, 2023 03:14am

‘Illicit cigarettes to inflict Rs300bn annual loss on kitty’

ISLAMABAD: The documented tobacco industry has estimated to pay Rs242 billion federal excise duty/sales tax in the...

Updated 13 Oct, 2023 08:46am

Editorials

So much for track and trace

EDITORIAL: It seems we can’t go even a few days without receiving some sort of bad news from the tax and revenue...

Published 09 Sep, 2023 06:20am

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

Illicit trade: Cigarette makers question FBR’s performance

ISLAMABAD: Leading cigarette manufacturers Friday raised serious questions over the performance of the Federal Board...

Updated 22 Jul, 2023 09:45am

Business & Finance

NA told: Tobacco sector tax evasion touches Rs240bn mark

ISLAMABAD: The parliamentarians were informed during the National Assembly session that the tax evasion in the...

Published 16 Jun, 2023 06:27am

Business & Finance

Tobacco sector: significant decline in sales hitting national exchequer

ISLAMABAD: The documented tobacco sector in Pakistan is experiencing a significant decline in sales, resulting in a...

Published 26 May, 2023 06:48am

Business & Finance

Hike in FED on tobacco to hit govt’s revenue collection efforts

KARACHI: The recent increase in the Federal Excise Duty (FED) on the tobacco sector will lead to reduction in the...

Published 25 Feb, 2023 06:23am

Pakistan

Market flooded with smuggled cigarettes, reveals survey

ISLAMABAD: Pakistani markets are once again flooded with smuggled and non-duty paid cigarettes with no tax stamps,...

Published 14 Nov, 2022 05:55am

Business & Finance

Track-and-trace system not implemented: Illegal cigarette trade continues to flourish

KARACHI: The volume of illegal cigarette trade continues to surge as the Federal Board of Revenue’s (FBR)...

Published 05 Nov, 2022 06:26am

Unmanufactured tobacco: Adjustable FED of Rs390/kg not applicable on farmers: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) Member Inland Revenue (Operations), Malik Amajd Zubair Tiwana, said...

Updated 15 Oct, 2022 09:49am

Tobacco: new excise regime unveiled

ISLAMABAD: To control tax evasion in tobacco sector, the government has increased the adjustable Federal Excise Duty...

Updated 23 Sep, 2022 09:51am

Track-and-trace system: FBR to issue new deadline to tobacco sector

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a new deadline beyond May 20, 2022 for the documented...

Updated 23 May, 2022 10:06am

Pakistan

‘Illicit cigarettes inflicting a huge loss on national economy’

LAHORE: The illicit cigarettes in Pakistan is not only inflicting huge loss to the national kitty but also posing...

Published 30 Jan, 2022 04:04am

Opinion

Pakistan remains at the bottom of the cigarette tax scorecard

Pakistan has scored 1.13 points out of 5 on the cigarette tax scorecard, standing at 131st position among 160...

Published 20 Nov, 2021 03:58am

BR Research

PAKT’s strong quarter

The post-budget quarter was a plentiful one for the tobacco giant. As per its latest financials released to the...

Published 26 Oct, 2021 07:30am

Pakistan

Tax evasion in tobacco sector continues unabated

LAHORE: The country's tobacco sector is plagued with tax evasion and an estimated Rs 80 billion are evaded annually...

Published 25 Sep, 2021 04:59am

BR Research

On cigarette production

While the country’s top cigarette manufacturers have posted strong bottom lines lately, the cigarette production,...

Published 14 Sep, 2021 07:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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