Gold Leaf is one of the most highly sought-after products in Pakistan. Last week, the price of popular cigarette brands Gold Leaf and Capstan sold in Pakistan was nearly doubled due to an increase in the Federal Excise Duty (FED) and General Sales Tax (GST) announced by the government. The FED was hiked and GST increased to 25 % from 17%, causing prices to rise on multiple platforms. According to reports, the estimated average price lie between Rs. 500 to Rs. 1000 per cigaratte pack making them difficult for consumers with limited disposable incomes to buy regularly. This has stirred a sense of discontentment among consumers as they have been left with no choice but to bear this financial burden.
Gold Leaf Price in Pakistan
The revised prices have caused an outrage among Pakistani smokers who had been enjoying the relatively low cost of cigarettes. Many local vendors feared that this new price hike would lead to a decrease in sales, while others believe that it is necessary to discourage consumption and improve public health.
Gold Leaf, which has traditionally been one of the most popular cigarette brands in Pakistan, has seen its prices soar in the wake of this new tax increase. The average price for a pack is now estimated to be between Rs. 500 to 1000, an increase of over 100% from the previous rates.
The price hike has been met with disapproval from the public, who find it unfair to be taxed for a product which is widely used across the country. There have been protests and calls for the government to reconsider their decision in light of its damaging effects on smokers. Despite this, no sign of reversal has yet been seen and taxes remain firmly in place.
It remains to be seen whether the price hike will have any significant effect in reducing smoking rates and promoting healthy lifestyles in Pakistan. Until then, smokers throughout the country must continue to bear the brunt of these newly imposed taxes, with Gold Leaf price in Pakistan reaching all-time highs.
For now, it would appear that the only way to avoid these extra taxes is to quit smoking entirely. It remains a tough decision for many people, but it might be one of the only options available in light of the current situation. It is ultimately up to individuals to decide what action they take and how they handle the price hike on Gold Leaf cigarettes in Pakistan.
Prices of Cigarette in Pakistan
|Price Per Pack (PKR)
|VELO 6/10 MG
To conclude, the price of Gold Leaf and Capstan has seen a dramatic increase recently in Pakistan due to the rise of Federal Excise Duty (FED) and General Sales Tax (GST). While the exact prices are uncertain, it is believed that Gold Leaf and Capstan cigarettes will now cost an estimated average of Rs. 500-1000. With this immense price increase, people may opt to look for cheaper alternatives or stay away from smoking altogether; however, only time will tell how this government-mandated hike will truly affect the tobacco industry in Pakistan. It also remains to be seen just how much more expensive cigarette prices become in the near future.