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Experts urge tax hike on tobacco products Say increase will reduce economic and health costs of tobacco consumption APP April 29, 2021 ISLAMABAD: Health and economic experts have strongly recommended an increase of four to five times in the current tax rate for tobacco products in a bid to reduce the economic and health costs of tobacco consumption. They said that tobacco was annihilating 1.6% of gross domestic product (GDP) every year, thereby taking Rs615 billion out of the economy in health cost. These views were expressed at the virtual launch of the “Tobacco Tax Reforms Model in light of Health Cost Burden” on Wednesday. ....