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Pakistanis react to exorbitant prices of cigarettes

ISLAMABAD: The tobacco sector has been on the hit list for the government’s increasingly higher revenue collection needs, by paying higher taxes. According to the details, the fresh massive strike of around 153 per cent Federal Excise Duty (FED) rates on cigarettes is going to cause around a 250 per cent increase in the prices of cigarettes, produced by legitimate companies. Apart from the major hike in the prices of cigarettes, the supplementary finance bill, which was tabled in the parliament by finance minister Ishaq Dar, also suggests increasing the sales tax. That coupled with the excise duty is more likely