Senate committee recommends 100 percent hike in FED on cigarettes – Research Snipers

Senate committee recommends 100 percent hike in FED on cigarettes

According to the media reports, the Senate Standing Committee on Finance has approved a recommendation for an increase in the Federal Excise Duty (FED) on cigarettes.

As per the details, a Senator of former ruling political party of the country Pakistan Muslim League-Nawaz (PML-N) Kalsoom Perveen recommended a 100 percent increase in the Federal Excise Duty on cigarettes in the Senate Standing Committee on Finance meeting, chaired by Senator Farooq H. Naik in the federal capital of Islamabad.

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During the meeting, the Senate Standing Committee also approved the recommendations presented by Barrister Muhammad Ali Saif to increase tax, duty on all types of the tobacco products.

As per the details, he recommended increasing Rs30 per packet on TETON cigarettes.

The standing committee on Finance also recommended increasing duty on high price cigarettes and less the Federal Excise Duty (FED) on low price cigarettes.

The senator of the Shahbaz Sharif-led PML-N also demanded to remove tax levy on the school fees. “Tax should be imposed on those who are paying more than 200,000 school fees yearly”.

On the other hand, the finance committee has also approved the recommendation for a 10 percent increment in the salaries of the government employees. The Senate Standing Committee has also approved the allocation of Rs8 billion for locusts invasion.

During the meeting of the finance committee, the recommendations to provide more funds to the Higher Education Commission (HEC) and Universities conducting online classes were also approved.

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