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Law Ministry allows FBR to impose health levy on tobacco products


Law Ministry allows FBR to impose health levy on tobacco products
Peshawar
May 28, 2021
PESHAWAR: The Ministry of Law and Justice has allowed the Federal Board of Revenue [FBR] to impose the health levy on tobacco products through an ordinary bill or through an ordinance before the upcoming budget.
In response to a letter of the FBR, the law ministry has said the proposed federal health levy would fall within the definition of fiscal laws for the purpose of the act.
“In the light of the restriction in the use of funds collected pursuant to the proposed law, it will not constitute a money bill,” the law ministry said in a letter to the FBR. ....

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$ 27.89 Bn growth expected in Legal Cannabis Market | 14.11% YOY growth in 2020 amid COVID-19 Spread | North America to Notice Maximum Growth


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NEW YORK, May 27, 2021 /PRNewswire/
The global legal cannabis market by product (medical and recreational) and geography (APAC, Europe, MEA, North America, and South America) has been added to Technavio s offering. The global legal cannabis market is expected to grow by USD 27.89 billion, at a CAGR of almost 21% during 2020-2024.
Technavio has announced its latest market research report titled Legal Cannabis Market by Product and Geography - Forecast and Analysis 2020-2024
The spread of the COVID-19 pandemic reduced the demand for legal cannabis in 2020. The rising number of active COVID-19 cases led to a temporary shutdown of businesses, which disrupted the supply chain of cannabis. However, with progressive government measures, the number of COVID-19 cases is reducing in several countries. This will help revive the market growth during the forecast period. ....

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Call to increase taxes on tobacco

LAHORE: Country Representative of Campaign for Tobacco-Free Kids Malik Imran Ahmad has said that Pakistan’s cigarette production has jumped around 90 per cent with the introduction of. ....

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