ISLAMABAD  - A sum of Rs 162.002 billion has been collected as Federal Excise Duty (FED) from tobacco/cigarettes in last three years.
According to a document placed in the Parliament, as many as Rs 47.099 billion FED had been collected in 2010-11, Rs 53.233 billion in 2011-12 and Rs 61.670 billion in 2012-13.
Revenue collection from Federal Board of Revenue (FBR) has jumped from Rs 520 billion in 2003-04 to Rs 1,939 billion in 2012-13 with the increase of Rs 1.4 trillion in absolute terms. The average growth during the period was 16 per cent. However tax to GDP ratio did not increase for various reasons.
The total GDP of the country recorder / reported during the financial year 2012-13 is Rs 22,909 billion.