As the Federal Government tries to squeeze as much revenue as possible from the tobacco industry by implementing increased taxes, the price of Gold Leaf cigarette is expected to hit Rs. 800 in Pakistan by next month.
According to some reports, the price of Gold Leaf cigarette in Pakistan will likely reach Rs. 800 by 1st March 2023 due to the increased Federal Excise Duty (FED) and General Sales Tax (GST) on tobacco products.
Recently, the Government has implemented a rate of 153% Federal Excise Duty (FED) and 25% General Sales Tax (GST) on the sale of cigarettes in Pakistan, which is going to result in a staggering 250% increase in the prices of these products.
According to the Federal Board of Revenue (FBR), the FED has been increased from Rs. 6.5 per cigarette to Rs. 16.5, which is an increase of 153%, for expensive cigarette brands, while less expensive brands have seen a hike of 98% from Rs. 2.55 to Rs. 5.05 FED per cigarette.
Gold Leaf Cigarette Price in Pakistan
The price of Gold Leaf cigarette in Pakistan is Rs. 520 per pack at the moment and it is expected to rise even further by 1st March 2023 due to implementation of more taxes and duties on the tobacco industry.
According to several sources, the price of Gold Leaf cigarette in Pakistan will reach Rs. 800 per pack by next month. However, this won’t be the only cigarette that is affected by the increased taxes and other brands will show similar increments in their price.
Impact of Increased Taxes
Furthermore, an international tobacco firm in Pakistan, Philip Morris Pakistan Ltd. has warned the Government of a negative impact from the increased FED on cigarettes in the country as it will favor the illicit cigarette market.
According to the company, the increased FED will have a negative impact on the economy as it will reduce Government’s revenue. “The hike in taxes for tax-paying tobacco companies will effectively favor the already vast illicit cigarette market in Pakistan.” the spokesperson said. “This will lead to a shortfall in Government revenue as business will shift from tax-paid sector to non-tax-paid sector.” he added.
What do you think about the expected price of Gold Leaf cigarette in Pakistan? Leave a comment down below.
Read more: Cigarette Prices in Pakistan After Increase in Govt Taxes.
Follow INCPAK on Facebook / Twitter / Instagram for updates.
Follow INCPak on Google News
INCPak WhatsApp Channel
Govt na bht zaida ki price is 300 for Gold leaf paket is enough but 500 or 530 is too much high and its too much dificult for a comon man to got it !
This is not just for tobacco prices it’s economy disaster this government policy makers are fools thay all are incompetent group of bloody shit because of raising prices Pakistani people’s can’t afford these type of corrupt puppits bloody looter’s
Awesome decision by government price of one cigarette should go to rs 1000
I am Gold leaf smoker but this increase is in my favor I will leave this bloody habit put this price up to 1000
Quit Smoking and enjoy the taste of food
You smokers are destroying your own lives by smoking that poison be thankful to the government for making that poison expensive so you think twice before making bad life decisions
Agree
good for loacal cigarete to increase their volumes in market
It is already too much. For God sake this govt should be sacked who has no mercy for and middle class
fuck smoking department of pakistan
Yeh debra I agree with you 😘
Bhai smoking ka koi department nahi hai Pakistan Tobacco Company hai and yeh govt implement kar rahi hai woh khud nahi. Yeh govt sirf galion ki mohtaj hai