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How much FED is imposed on local cigarettes?

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2 years ago

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The federal government decided on Wednesday to increase the Federal Excise Duty (FED) on cigarettes in a bid to fetch an additional Rs115 billion taxes out of Rs170 billion agreed to by the government in line with the International Monetary Fund (IMF) conditions.

Following the cabinet’s nod in the shape of Tax Laws Amendment Bill 2023, the FBR issued the Statutory Regulatory Order (SRO) for hiking the FED on cigarettes. 

How much FED is imposed on local cigarettes?

The duty on locally produced cigarettes if their on-pack printed retail price exceeds Rs9,000 per 1,000 cigarettes will be Rs16,500, said the SRO. 

Meanwhile, the duty on locally produced cigarettes if their on-pack printed retail price does not exceed Rs9,000 per 1,000 cigarettes will be Rs5,050. 

The government will also table its money bill in order to fulfil key demands put forward by the Washington-based lender today. 

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PTI and JUI (Sherani) decide to proceed by consensus.

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2 weeks ago

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Jamiat Ulema-e-Islam (Sherani) and Pakistan Tehreek-e-Insaf (PTI) have agreed to proceed together.

Maulana Muhammad Khan Sherani, the leader of JUI (Sherani), met with Barrister Dr. Saif, the Chief Minister of Khyber Pakhtunkhwa’s Information Advisor.

The conference also included former senator Aslam Buledi and former federal minister Muhammad Ali Durrani.

The discussion focused on promoting reconciliation, political cooperation, and collective progress in the country. In addition, Barrister Dr. Saif read Fatiha and expressed sympathy for Maulana Sherani’s wife’s demise.

Barrister Saif recognized Maulana Sherani as a respected religious and political person, a senior member of parliament, and an expert in constitutional law during the meeting. He said that Maulana Sherani’s services are greatly valued by PTI founder Imran Khan and the party, and they hope he will play an active role in promoting trust, cooperation, and national reconciliation.

Maulana Sherani was invited to visit Khyber Pakhtunkhwa by Barrister Saif on behalf of KP Chief Minister Ali Amin Gandapur.

Maulana Muhammad Khan Sherani emphasized the importance of reconciliation in guiding the nation away from conflict and proposed that Muhammad Ali Durrani be instrumental in promoting this process.

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Business

SFD and Pakistan Sign Two Deals Totaling $1.61BLN

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4 weeks ago

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Two agreements totaling $1.61 billion have been inked by Pakistan and the Saudi Fund for Development to improve their bilateral economic cooperation.

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Entertainment

‘Kashmir Banay Ga Pakistan’ is a new song teased by ISPR for Solidarity Day

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4 weeks ago

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A new anthem, “Kashmir Banay Ga Pakistan,” was issued by Inter-Services Public Relations (ISPR) on Wednesday (tomorrow) in honor of Kashmir Solidarity Day.

Every year on February 5, Kashmir Solidarity Day is commemorated to show solidarity with the people of Indian-Occupied Kashmir.

Renowned musician Ahmed Jahanzeb sings the song, which sends a powerful message of solidarity and dedication to the liberation fighters of Held Kashmir.

Imran Raza wrote the words, while Irfan Saleem and Kamran Khan composed the music.

The song was composed especially to commemorate the momentous day and to reaffirm support for the courageous and tenacious people of Kashmir, who are fighting for their right to self-determination, as guaranteed by the documents of united nations

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