Increase in federal excise duty rate, 50% reduction in cigarette sales

Increase in federal excise duty rate, 50% reduction in cigarette sales

It has become difficult for the government to meet the tax collection target from cigarettes (Photo: File). Karachi: A huge increase in the federal excise duty rate on cigarettes has reduced legal sales by 50 percent. According to Director Finance Philip Morris (Pakistan) Limited Muhammad Zeeshan, in the current economic conditions, preventing the damage caused…

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FPCCI cited current account surplus as the cause of economic downturn

FPCCI cited current account surplus as the cause of economic downturn

Textile exports declined by 12.4 percent and information technology exports by 0.5 percent. Photo: Social Media Karachi: The FPCCI attributed the current account surplus to the contraction in the economy. President FPCCI Irfan Iqbal Shaikh said that Pakistan’s current account surplus for March 2023 makes no sense for the government to celebrate as it actually…

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PIA and Pakistan Railways announced a big reduction in fares on the occasion of Eid

PIA and Pakistan Railways announced a big reduction in fares on the occasion of Eid

20% reduction in PIA fares while 33% reduction in railway fares was announced. Photo: File Karachi/Lahore: On the occasion of Eid-ul-Fitr, PIA and Pakistan Railways announced a major reduction in fares. According to Express News, on the happy occasion of Eid-ul-Fitr, Pakistan International Airlines and Pakistan Railways announced a big reduction in fares. On the…

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Prime Minister's important statement regarding the security of Pakistanis in Sudan

Prime Minister’s important statement regarding the security of Pakistanis in Sudan

Islamabad: Prime Minister Shehbaz Sharif has said that the security and safety of Pakistanis in Sudan is the first priority of the government of Pakistan. According to Express News, Prime Minister Shehbaz Sharif issued a statement in which he expressed his concern regarding the safety and security of Pakistanis in Sudan. The Prime Minister said…

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