EDITORIAL: The tobacco manufacturing industry is the single largest contributor to the Federal Board of Revenue's (FBR's) Federal Excise Duty (FED) collection with a 37 percent share in FY2022. Likewise, it also features in the top seven of major General Sales Tax (GST) contributors with a 3 percent share.
Leaders of tobacco growers voiced their concerns about suffering losses as tobacco purchasing companies showed preference towards traders, leaving the farmers at a disadvantage. They urged the companies to purchase tobacco directly from growers, emphasizing that the involvement of middlemen harmed their interests.
SWABI: Leaders of tobacco growers on Thursday claimed that they suffered losses as tobacco purchasing companies preferred traders to them.
THREE years ago, in 2020, GLOBOCAN, the global platform for cancer statistics, cited 10,538 new cases of lung cancer in Pakistan, making it the third most common cancer in the country after breast and oral cavity cancer. While two regional cancer registries, including the Karachi Cancer Registry (KCR) and Punjab Cancer Registry, are a substantial source of data related to lung cancer, the figures don’t give a precise picture since there is no central population-based cancer registry.
LAHORE - Punjab Minister for Primary and Secondary Healthcare Dr. Jamal Nasir has informed that the Punjab government has constituted implementation and monitoring committees at the provincial as well as divisional levels for enforcement of legislation with regard to tobacco control in the province.
Pakistan Tobacco Company (PSX: PAKT), the industry leader continues to post growth in earnings in double digits despite the economic headwinds and deteriorating industry dynamics post the successive FED hikes in the last year and a half. As per its latest earnings announcement sent via the bourse, Pakistan Tobacco Company (PSX: PAKT) closed the first half ended June 30, 2023, with double-digit growth in its net profits when compared with the same period last year. While the earnings growth momentum continues, the sales growth has seemingly come down.
A recent study has brought to light a concerning trend in Pakistan, revealing that approximately 72% of women in the country are regular cigarette smokers.
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