Health minister, Dr. Zafar Mirza, said on Saturday that the Pakistani government Tehreek-i-Insaf (PTI) has doubled its health budget compared to the past.
Federal Excise Duty (FED) on cigarettes has been increased and the money generated by the cigarette tax will be used for the provision of health facilities. The minister claimed that the current government had successfully implemented it’s promise made in their election manifesto by doubling the health budget.
Mirza also revealed that smoking was causing yearly losses to the national exchequer worth Rs 143.20 billion rupees.
Minister of State for Revenue Hammad Azhar presented the budget for fiscal year 2019-20 in National Assembly on June 11.
It is proposed to increase the FED. Traditionally, cigarettes were taxed in two installments, but in 2017 a third tier was introduced to attract a cheap, low-priced market that did not produce the desired results.
The upper slab will be taxed from 4500 rupees per 1,000 sticks to 5200 rupees per 1,000 sticks. For the lower slabs, the two existing slabs will be merged with 1650 Rs per 1,000 sticks, revealed Azhar.
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27 September, 2019