July 1, 2024 

Karachi, July 1, 2024 – In a significant move aimed at regulating the tobacco industry, the Finance Bill, 2024 has proposed an increase in the retail price for different tiers of cigarettes manufactured in Pakistan.

This proposal includes a restructuring of the duty rates for locally produced cigarettes, ensuring that brands are retained within their respective tiers despite the price hike. The proposed changes are as follows: