Tobacco Taxes

Tobacco Taxes Inadvertently Fuel Illicit Tobacco Trade

A growing debate in Pakistan questions whether raising tobacco taxes is the right approach to reducing smoking rates. While higher taxes are intended to deter consumption, Fawad Khan, spokesperson for Mustehkam Pakistan, warns that this strategy may do more harm than good by driving consumers toward cheaper, illegal cigarettes. According to reports, the legal tobacco…

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OICCI Survey

Business Confidence in Pakistan Inches Up, While Inflation, Taxation, and Policy Concerns Cloud Future Outlook : OICCI Survey

Business confidence in Pakistan has improved by 4 percent, though it remains in the negative, as reflected in the 25th Wave of the Business Confidence Index (BCI) survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI). The survey was conducted across Pakistan during March-April 2024. Rehan Shaikh, President of OICCI, stated, “The…

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Aptma Shares Ambitious Plan

Aptma Shares Ambitious Plan: Aiming for Over $50 Billion in Yearly Textile Exports within 5 Years

The All Pakistan Textile Mills Association (APTMA) shares an ambitious plan to significantly boost the country’s textile exports. According to the shared vision, APTMA aims to achieve a remarkable milestone by increasing yearly textile exports to over $50 billion within the next five years. This strategic initiative comes as the textile sector plays a crucial…

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