Search

WHO releases report debunking myths about illicit trade of cigarettes in market                  

01:34 AM | 17 May, 2024
WHO releases report debunking myths about illicit trade of cigarettes in market                  

ISLAMABAD - The World Health Organization (WHO) has released a report debunking myths about the illicit trade of cigarettes created by multinational companies. The report states that the illicit trade market in Pakistan ranges from 9 to 17 percent of the total cigarette market. However, none of the studies has estimated the extent of the counterfeit issue.

The study, titled "Study on Incidence of Illicit Trade of Cigarettes in Pakistan: A Case Study for Islamabad Capital Territory," also emphasizes that increasing tobacco product prices is the most effective way to reduce tobacco consumption.

As part of this study, the WHO surveyed the cigarette retail market in Islamabad to determine the number of illicit cigarette packs. Out of fifty union councils in Islamabad, ten were selected using a multistage sampling technique. The study collected 500 empty cigarette packs from vendors, streets, and garbage depots/dumps in each union council.

The world’s top health body emphasized that the prices of tobacco products in Pakistan should be increased by taxing the tobacco industry. According to the study, based on Pakistan Bureau of Statistics data, tax evasion on domestically produced cigarettes in 2015-16 amounted to Rs 53.8 billion, out of which Rs 38.9 billion, which is above 72 percent of the total share, was evaded by the legitimate sector. It is estimated that Khyber Tobacco Company (KTC) has a market share of 9.5 percent and is the third largest tobacco company.

The study found that the illicit market share is around 23%, of which 47% is smuggled and 45% is non-tax-paid. The study reveals that 8% of the illicit market share consists of counterfeit cigarettes.

Anti-tobacco activists have urged the government to raise tobacco taxes to 70% of the retail price, in line with WHO guidelines, to combat the alarming rate of tobacco consumption among youth. Malik Imran Ahmed, Country Head of the Campaign for Tobacco-Free Kids (CTFK), said, "With over 60% of the population comprising youth, the government must protect them from the ills of tobacco use, "as the move is expected to generate additional revenue, surpassing Rs 200 billion by year-end."

Daily Pakistan Global Web Desk

Advertisement

Currency Rates in Pakistan - PKR to US Dollar, Euro, Dirham, Riyal 18 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 18, 2024 (Tuesday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.50 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 349.7 for buying, and 353.25 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.80.

Currency Symbol Buying Selling
US Dollar USD 277.50 280.65
Euro EUR 296.00 299.00
UK Pound Sterling GBP 349.70 353.25
U.A.E Dirham AED 74.80 75.60
Saudi Riyal SAR 72.80 73.55
Australian Dollar AUD 182.00 184.00
Bahrain Dinar BHD 741.18 749.18
Canadian Dollar CAD 204.00 206.00
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.18 40.58
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.90 1.98
Kuwaiti Dinar KWD 909.34 909.34
Malaysian Ringgit MYR 59.30 59.90
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.88 731.88
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.65 205.65
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 311.90 314.40
Thai Bhat THB 7.58 7.73

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter