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How much FED is imposed on local cigarettes?

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The federal government decided on Wednesday to increase the Federal Excise Duty (FED) on cigarettes in a bid to fetch an additional Rs115 billion taxes out of Rs170 billion agreed to by the government in line with the International Monetary Fund (IMF) conditions.

Following the cabinet’s nod in the shape of Tax Laws Amendment Bill 2023, the FBR issued the Statutory Regulatory Order (SRO) for hiking the FED on cigarettes. 

How much FED is imposed on local cigarettes?

The duty on locally produced cigarettes if their on-pack printed retail price exceeds Rs9,000 per 1,000 cigarettes will be Rs16,500, said the SRO. 

Meanwhile, the duty on locally produced cigarettes if their on-pack printed retail price does not exceed Rs9,000 per 1,000 cigarettes will be Rs5,050. 

The government will also table its money bill in order to fulfil key demands put forward by the Washington-based lender today. 

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COAS says, “We’re very well aware of our protected crossing points.”

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Speaking at today’s Cadet Passing Out Parade at Pakistan Air Force Asghar Khan Academy in Risalpur, the Chief of Staff stated that a nation lacking a potent Air Force is vulnerable to any attacker.

He added the Pakistan Air Force patrolled the airspace in all types of challenges with exceptional bravery and professionalism, and February 2019 is a tremendous example for all of us

He questioned the graduating cadets, telling them that they were the source of our optimism, the defender of the sky, and the ensurer of peace in the area. He stated that we anticipate the cadets to lead lives characterized by competence, bravery, and good character.

The graduating cadets, according to General Syed Asim Munir, “will never hesitate to sacrifice for the defense, honor, and dignity of the motherland.”

He added the military leadership wants you to always uphold our nation’s best spirit, professionalism and the undying tradition of valor.

The Army Chief said Article 19 of the Constitution of the Islamic Republic of Pakistan clearly establishes the boundaries of freedom of speech and expression of opinion.

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More new buses arrive in Karachi.

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Announcing that the new buses would improve accessible and comfortable transportation options for the public, Sharjeel Inam Memon took to X.

He said that the Sindh transport department would launch additional Peoples Bus Service lines to enhance public transportation options, adding that twenty buses had already arrived at the port.

The public-private partnership (PPP) mechanism would see the conversion of 60 KMC buses to diesel in order to better serve the city’s inhabitants, as stated by Karachi Mayor Murtaza Wahab a day earlier.

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Sindh will implement strict measures to uphold law and order: CM

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“A thoroughplan has been developed to reduce kidnappings for ransom and street crimes,” stated Murad Ali Shah.

According to him, yesterday’s law and order meeting at the Chief Minister’s residence was presided over by President Asif Ali Zardari.

“CM Shah stated that the president ordered a stepped-up crackdown on drugs and the arrest of bandit facilitators in the Katcha area.”

According to Murad Ali Shah, the president deemed land grabs and encroachment intolerable. He declared: “The president’s orders will be fully implemented by the Sindh government.”

A Nigerian national has been arrested in connection with the drug trade, according to a briefing given by Sharjeel Memon, the provincial minister of excise, taxes, and anti-drug. “There have been 164 cases filed, 166 accused people have been arrested in cases, and three drug dealers have been killed in a crackdown in Hyderabad,”

Strict monitoring at schools to shield kids from drugs was decided upon at the conference.

The chief minister gave the excise department instructions to intensify its war on drugs in coordination with the federal government and other provinces.

Corps Commander Karachi promised to provide the Sindh government complete support in the fight against drugs.

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