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Experts urge tax hike on tobacco products

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. ....

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Tobacco use costs Rs615b annually

Tobacco use costs Rs615b annually
Islamabad
April 29, 2021
Islamabad : The tobacco consumption is levying a burden of Rs615 billion per annum on the national exchequer in terms of economic and health costs as the smoking-attributable direct cost is 8.3 per cent of the total country’s health expenditure.
Anti-smoking experts said this in a virtual launch of ‘Tobacco Tax Reforms Model in light of Health Cost Burden’ by the Society for Protection of Rights of the Child (SPARC) here on Wednesday.
They said tobacco annihilates 1.6 per cent of GDP every year-taking out Rs615 billion from the economy as health cost.
Addressing the participants, Malik Imran Ahmad, Country head Campaign for Tobacco Free Kids (CTFK) stated that the smoking-attributable direct cost is 8.3 per cent of the total health expenditures, which amounts to 1.6 per cent of Pakistan’s GDP. In comparison, the total tax contribution of tobacco industry (120 billion in 2019) is only aroun ....

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