ISLAMABAD: The federal government Monday promulgated an ordinance to slapan additional Rs36 billion tax on cigarettes, Rs2 billion on tobaccoprocessing, and reduced levies on transport vehicles — to fetch anadditional Rs38 billion in taxes.
The prices of cigarettes of tier-1 brands may go up by Rs20 to Rs30 perpacket, while for tier-2 brands the rates will go up by Rs10 per packet.
On tobacco processing, the government has jacked up advance federal exciseduty (FED) tax from Rs10 per kg to Rs390 per kg, which will be adjustable.
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The government envisages the collection of Rs2 billion through this measure.
