Tobacco Industry’s Profit margin increased due to shifting of tax burden on Customers : Malik Imran
Society for the Protection of the Rights of Child (SPARC) issued a press release to highlight Tobacco industry’s mischievous ways to earn additional profits from tobacco users. According to the health activists, government should be earning additional revenues from increased tobacco taxation not tobacco industry. Malik Imran, Country Head Campaign for…
Tax evasion by illicit cigarettes traders causing Pakistan to lose Rs. 240 billion annually: Report
• Increased shared of illicit brands will lead authorities to miss tax collection goals: IPSOS report • Approximately two billion cigarette packs are evading the tax net: Survey • Illicit cigarettes market share reaches whopping 48%: IPSOS survey • 83% cigarettes brands in market are without track & Trace stamps: Report…
OGRA DETERMINES ESTIMATED REVENUE REQUIREMENTS OF SUI COMPANIES FOR FINANCIAL YEAR 2023-24
The Oil and Gas Regulatory Authority (OGRA) determines the revenue requirements of sui companies for F.Y 2023-24. The average prescribed price per MMBTU of gas is recommended as Rs.1238.68 and the increase in price per MMBTU is Rs.415.11 with increase percentage of 50% for SNGPL. The Average prescribed price for SSGC…
New study reveals Track and Trace system kept illegal trade of tobacco products at 15%
Health activists have appreciated Prime Minister Shahbaz Sharif’s directives to curb down illegal trade of tobacco products in Pakistan. In a press release shared by Society for the Protection of the Rights of the Child (SPARC), the health activists mentioned that Federal Board of Revenue’s Track and Trace system has kept…
Rethink for Sustainability and Progress – 6th Edition of LEADERS IN ISLAMABAD BUSINESS SUMMIT
Nutshell Conferences Group and Martin Dow Group, in strategic partnership with Overseas Investors Chamber of Commerce and Industry, and Unity Foods Limited, hosted Day 1 of the 6th Edition of LEADERS IN ISLAMABAD BUSINESS SUMMIT, with the theme “The BIG Rethink.” The sub-themes on Day 1 varied from the need for…
Ishaq Dar reiterates to provide business friendly budget
Finance Minister Ishaq Dar has reiterated to provide a business friendly budget in order to support masses and for the economic progress and development in the country. He was talking to a delegation of Association of Builders and Developers of Pakistan that called on him in Islamabad on Monday. The delegates…
