Heavy taxation on tobacco products essential for better economy 

10:58 AM | 1 Jun, 2023
Heavy taxation on tobacco products essential for better economy 

LAHORE - In recent years, the issue of tobacco consumption and its detrimental effects on public health has gained significant attention worldwide. Recognizing the grave consequences of tobacco use, governments around the globe have implemented various strategies to curb its prevalence.

One such strategy that holds immense potential for a prosperous Pakistan is the imposition of high taxes on tobacco products. By effectively implementing and maintaining high taxes, Pakistan can not only address public health concerns but also pave the way towards a more prosperous nation.

The foremost advantage of imposing high taxes on tobacco is the significant improvement in public health. Studies have shown a direct correlation between increased tobacco prices and reduced consumption rates. Higher taxes make tobacco products less affordable, discouraging both current and potential smokers.

This decrease in tobacco usage would subsequently lead to a decline in tobacco-related diseases such as lung cancer, heart ailments, and respiratory disorders, resulting in healthier citizens and a reduced burden on the healthcare system.

Contrary to popular belief, high taxes on tobacco can also contribute to economic prosperity. The revenue generated from tobacco taxes can be allocated towards crucial sectors such as healthcare, education, and infrastructure development. This increased funding allows the government to invest in social welfare programs and provide better public services, ultimately improving the standard of living for the citizens.

Additionally, reduced healthcare costs resulting from lower tobacco consumption alleviate the financial strain on the healthcare system, enabling resources to be allocated more efficiently.

High tobacco taxes can have positive environmental impacts as well. The tobacco industry is known for its significant contribution to deforestation, as vast areas of land are cleared for tobacco cultivation.

By reducing tobacco consumption through high taxes, the demand for tobacco products would decrease, leading to a decrease in deforestation rates. Preserving forests not only helps mitigate climate change but also protects biodiversity and provides livelihoods for communities dependent on forest resources.

Imposing high taxes on tobacco products is a viable and promising strategy for a prosperous Pakistan. It offers a multitude of benefits, including improved public health, economic growth, job creation, environmental conservation, and enhanced quality of life for the citizens. It is imperative for the government to continue implementing and enforcing these high taxes to ensure a sustainable future for the country.

Moreover, it is crucial to allocate the revenue generated from tobacco taxes towards essential sectors, focusing on social welfare, healthcare, education, and infrastructure. By investing in these areas, Pakistan can build a strong foundation for progress and development.

High taxes on tobacco are not merely a means to deter tobacco use but also a pathway to a healthier, wealthier, and more prosperous Pakistan. 

It is the collective responsibility of the government, policymakers, and citizens to support and advocate for such measures, ultimately shaping a brighter future for the nation.

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Daily Pakistan Global Web Desk


USD to PKR: Pakistani rupee continues recovery against dollar, rises by Rs1.04 in interbank

KARACHI – The Pakistani rupee continued its positive trajectory against the US dollar in the interbank market on Thursday with the local currency’s recovery relating to crackdown launched against hoarders and outflows of the foreign currency through unlawful means.

During the intraday trading, PKR moved up against the USD, and hovered at 287.73, with an increase of Rs1.04, in the interbank market.

Yesterday, the Pakistani rupee appreciated 0.36pc to settle at 288.75.

Last week, the government said a crackdown to prevent cross-border smuggling was initiated across Pakistan. The country’s central bank also stepped up supervision of the foreign exchange market, ordering banks to set up separate entities to conduct forex transactions.

The SBP also introduced structural reforms in the exchange companies’ sector to provide better services and to ensure a transparent system.

Gold Rate in Pakistan Today – September 28, 2023

Today Gold Rate in Pakistan

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,600 on Thursday.

The price of 10 grams of 24k gold was recorded at Rs 177,700. Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

Today Gold Price in Pakistan - 28 September 2023

City Gold Silver
Lahore PKR 202,600 PKR 2,495
Karachi PKR 202,600 PKR 2,495
Islamabad PKR 202,600 PKR 2,495
Peshawar PKR 202,600 PKR 2,495
Quetta PKR 202,600 PKR 2,495
Sialkot PKR 202,600 PKR 2,495
Attock PKR 202,600 PKR 2,495
Gujranwala PKR 202,600 PKR 2,495
Jehlum PKR 202,600 PKR 2,495
Multan PKR 202,600 PKR 2,495
Bahawalpur PKR 202,600 PKR 2,495
Gujrat PKR 202,600 PKR 2,495
Nawabshah PKR 202,600 PKR 2,495
Chakwal PKR 202,600 PKR 2,495
Hyderabad PKR 202,600 PKR 2,495
Nowshehra PKR 202,600 PKR 2,495
Sargodha PKR 202,600 PKR 2,495
Faisalabad PKR 202,600 PKR 2,495
Mirpur PKR 202,600 PKR 2,495


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