Khyber Pakhtunkhwa's Chief Minister, Ali Amin Gandapur, has taken a firm stand against the proposition to impose taxes on Naswar in the province's upcoming budget for 2024.
During a pivotal meeting of the KP cabinet convened to finalize budgetary recommendations for the forthcoming fiscal year, CM Gandapur outrightly opposed the suggestion to tax Naswar, a popular moist tobacco product predominantly used by individuals from lower-income backgrounds.
Naswar, a powdered tobacco mixture commonly consumed in various regions including Afghanistan, Pakistan, and neighboring countries, is typically placed under the lower lip or inside the cheek for extended periods, known for its addictive properties.
While Naswar holds cultural significance in many communities, concerns regarding its adverse health effects have prompted debates over its taxation. Medical experts caution against its consumption due to associated risks such as severe gum infections, jaw complications, tooth loss, and potential links to oral cancer.
CM Gandapur's stance underscores the complex intersection of public health and fiscal policy, balancing cultural practices with considerations for public well-being. As discussions surrounding the 2024 budget unfold, the fate of Naswar taxation remains a subject of deliberation, reflecting broader societal dialogues on health regulation and taxation.
Pakistani rupee rates against US Dollar and other currencies on August 20, 2024 (Tuesday) in open market.
US dollar was quoted at 279.5 for buying and 280.4 for selling. Euro's buying rate moved up to 306.4 and the selling rate is 308.6.
British Pound rate is 360 for buying, and 362.3 for selling. UAE Dirham AED was at 75.9 and Saudi Riyal hovered at 73.82.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 279.6 | 280.5 |
Euro | EUR | 306.4 | 308.6 |
UK Pound Sterling | GBP | 360 | 362.3 |
U.A.E Dirham | AED | 75.9 | 76.32 |
Saudi Riyal | SAR | 73.82 | 74.52 |
Australian Dollar | AUD | 185.65 | 189.25 |
Bahrain Dinar | BHD | 734 | 739.5 |
Canadian Dollar | CAD | 202.65 | 207 |
China Yuan | CNY | 38.29 | 38.69 |
Danish Krone | DKK | 40.03 | 40.43 |
Hong Kong Dollar | HKD | 35.68 | 36.03 |
Indian Rupee | INR | 3.34 | 3.45 |
Japanese Yen | JPY | 1.97 | 1.98 |
Kuwaiti Dinar | KWD | 905.45 | 910.6 |
Malaysian Ringgit | MYR | 58.99 | 59.59 |
New Zealand Dollar | NZD | 169.34 | 171.34 |
Norwegians Krone | NOK | 26.14 | 26.44 |
Omani Riyal | OMR | 723.4 | 728.5 |
Qatari Riyal | QAR | 76.44 | 77.14 |
Singapore Dollar | SGD | 202 | 204 |
Swedish Korona | SEK | 26.27 | 26.57 |
Swiss Franc | CHF | 319.5 | 324.5 |
Thai Bhat | THB | 7.57 | 7.72 |
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