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PTI to impose ‘sin tax’ on cigarettes

01:50 PM | 5 Dec, 2018
PTI to impose ‘sin tax’ on cigarettes
ISLAMABAD – The Pakistan Tehreek-e-Insaf (PTI) government has decided to levy a special tax ‘sin tax’ on tobacco products to discourage smoking in the country.

Federal Minister for National Health Services Aamer Mehmood Kiani on Tuesday, while addressing at Annual Public Health Conference announced that “We are sending a sin tax bill in the National Assembly in which taxes would be imposed on cigarettes and tobacco products.”

The accumulated tax would be spent on the on the youth including their human development and education, Kiani added.

Moreover, the price of cigarettes is expected to rise in view of the government’s decision. The health ministry is considering various options regarding the sin tax and expected to impose levy ranging from Rs5 to 15 on a cigarette packet.

According to a survey, more than 177 million cigarettes are consumed every day in Pakistan that causes some 108,800 fatalities every year, ie 298 per day.

Pakistan will be the second country to impose a sin tax on cigarettes after the Philippines.

In 2012, the Philippines government imposed this tax to raise revenues and discourage smoking, which kills nearly 88,000 Filipinos each year according to the World Health Organization (WHO) data.

The writer is a member of the staff. He can be accessed on Twitter @iamnozair

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 16 May 2024

Pakistani currency rates against US Dollar and other currencies on May 16, 2024 (Thursday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 279.95 for selling.

Euro stands at 296.25 for buying and 299 for selling while British Pound rate is 344.5 for buying, and 348 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 16 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 279.95
Euro EUR 296.25 299
UK Pound Sterling GBP 344.5 348
U.A.E Dirham AED 75.15 75.9
Saudi Riyal SAR 73.5 74.2
Australian Dollar AUD 180.5 182.2
Bahrain Dinar BHD 739.77 747.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.28 913.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 167.45 169.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 722.59 730.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 306.51 309.01
Thai Bhat THB 7.57 7.72

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