On February 15, Senator Ishaq Dar, the Minister for Finance and Revenue, introduced “The Finance (Supplementary) Bill, 2023” in the National Assembly.
Despite not yet receiving approval from the Lower House, cigarette prices have already increased by as much as 100%.
This increase is due to the proposed measures contained in the bill.
Included in the Supplementary Finance Bill are new taxes and duties on luxury items such as cigarettes, totaling Rs. 170 billion.
According to a notification issued by Ittehad Trading Company, the prices of the different brands of cigarettes are as follow:
|BRAND||PTC Retail Price Per M||PTC Retail Price Per Outer||ITC Price Per Pack|
|DUNHILL LIGHTS 20HL||23939.67||4787.93||478.79|
|DUNHILL SWITCH 20HL||26114.53||5222.91||522.29|
|BENSON & HEDGES 20HL||23996.54||4799.31||479.93|
|GOLD LEAF 20HL||24132.34||4826.47||482.65|
|DUNHILL SPECIAL 20HL||23969.30||4793.86||479.39|
|JOHN PLAYER 20HL||10508.19||2101.64||210.16|
|CAPSTAN FILTER 20HL||10537.97||2107.59||210.76|
|CBPM ORIGINAL 20HL||10586.84||2117.37||211.74|
|GOLD FLAKE 20HL||10586.84||2117.37||211.74|
|EMBASSY FILTER 20HL||10586.84||2117.37||211.74|