The federal excise charge (FED) on cigarettes has been highly suggested by the World Bank (WB).
According to the most recent “Pakistan Development Update” report from the World Bank, applying the existing premium cigarette rate (Rs. 16.50 per cigarette) to standard cigarettes would result in a sizable income increase of 0.4 per cent of GDP.
Read More: World Bank Thinks Pakistan is Still Not Taxing People Enough
According to the research, federal excise tax revenue on cigarettes is not being collected to its full potential. In FY21, Pakistan’s federal excise duty revenue totalled 0.5 per cent of GDP. Cigarette taxes were the main cause of this, accounting for 0.19 per cent of GDP, which has been largely stable in recent years.
A dual rate is used to tax cigarettes. If regular cigarettes were charged at the same rate as premium cigarettes (Rs. 16.50 per cigarette), a sizeable revenue increase of 0.4 per cent of GDP could be realized.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005
