Study Calls for Further Hike in Taxes on Tobacco Products

The prevalence of tobacco use in Pakistan has reached alarming levels, with approximately 31 million adults, or about 19.7 percent of the adult population, currently consuming tobacco products.

In a recent study titled “Raising Tobacco Tax Rates to Promote Public Health and Increase Revenue,” it was revealed that tobacco use resulted in an estimated 337,500 deaths in 2022 alone. The burden falls disproportionately on poorer households, as they spend a larger proportion of their budget on tobacco, thereby leaving less room for essential needs.

The consequences of this habit have severe implications for both public health and the economy, as tobacco use remains the leading cause of death due to non-communicable diseases (NCDs) such as cancer, chronic respiratory diseases, and cardiovascular ailments.

One concerning trend identified in the study is the affordability of cigarettes, which has increased due to low tobacco taxes and the absence of tax hikes from July 2019 till February 2023. The average excise tax rate in Pakistan stands at around 45 percent of the retail price, falling short of the widely accepted benchmark of 70 percent. The researchers found that raising excise taxes on cigarettes by 30 percent would lead to a reduction of 200,000 smokers and increase excise tax revenue by at least 25 percent.

Raising taxes on tobacco products through excise tax increases has been proven as the most effective method to reduce tobacco use. Higher prices act as a deterrent for youth initiation and encourage current smokers to quit.

The study recommended raising tobacco excise to Rs. 154 for low-price cigarettes and Rs. 385 for high-price cigarettes. This policy change would result in 200,000 fewer smokers, a 1.2 percent reduction in smoking prevalence among adults, a 1.23 percent reduction in smoking intensity among adults, the saving of 200,000 lives, and an additional total FED revenue of Rs. 27.4 billion—an increase of at least 25 percent.

Addressing the issue of tobacco use in Pakistan requires urgent action from the government to prioritize public health and generate additional revenue. By implementing these recommended policy changes, the country can make significant progress in curbing the detrimental effects of tobacco consumption, saving lives, and securing a healthier future for its citizens, the study added.

Source: Pro Pakistani

Price of Gold in Pakistan Posts Slight Increase in Outgoing Week

The price of gold remained largely stable in the outgoing week and registered an increase of Rs. 900 per tola.

According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) went up by Rs. 450 per tola to Rs. 236,200 while the price of 10 grams saw an increase of Rs. 385 to close at Rs. 202,503 on Saturday.

The week started with an increase of Rs. 2,000 per tola on Monday before going down by Rs. 100 per tola on Tuesday. The price jumped again on Wednesday and rose by Rs. 600 per tola which was followed by a decrease of Rs. 1,800 per tola on Thursday and Rs. 250 per tola on Friday.

Saturday’s increase means that, cumulatively, the price of gold registered an increase of Rs. 900 per tola during the outgoing week. In the previous week, the price of gold had increased by Rs. 1,300 per tola.

With three sessions to go in the current month, the price of the precious metal has surged by over Rs. 16,000 so far in May.

Source: Pro Pakistani

Former Executive Director JPMC Dr. Seemi Jamali passes away

Former Executive Director Jinnah Postgraduate Medical Center (JPMC) Karachi Dr. Semi Jamali passed away in a private hospital in Karachi after protected illness. She was 61.

She was suffering from Cancer and was hospitalized for last many days.

She was recipient of Tamgha-e-Imtiaz for her exceptional services in the field of medicine.

Sindh Governor Kamran Khan Tessori and Chief Minister Syed Murad Ali Shah have expressed deep sorrow over her demise and extended condolence to her family.

Source: Radio Pakistan

May 28 has importance in Pakistan’s history: Muqam

Adviser to the Prime Minister for Political and Public Affairs and National Heritage Engr Amir Muqam says May 28 had importance in Pakistan's history.

Addressing a big public gathering in Lower Dir on Sunday, Engr Amir Muqam said nobody is allowed to keep an evil eye on Pakistan.

Later, Engr Amir Muqam announced different projects for the district Lower Dir.

Source: Radio Pakistan