ISLAMABAD - National Assembly Speaker Asad Qaiser’s efforts for tobacco growers over the last two years have led to increase in tobacco export by over 137 percent in the first month of the ongoing financial year after withdrawal of advance tax on the tobacco leaf.
The withdrawal of the advance tax on tobacco has helped the country increase exports of the crop by 137.53 percent during the first month of ongoing financial year 2020-21 as compared to the exports of corresponding period of last year.
Speaker National Assembly Asad Qaiser has taken up the issue of the advance tax with the FBR on the demand of the tobacco growers before the budget. He helped the farmers get the advance tax of Rs500 per kg on the crop abolished to help the farmers.
Pakistan Tobacco Growers Association has assured the Speaker that withdrawal of the advance tax would help the country create more jobs in the industry and increase exports of the produce.
The farmers said that they have fulfilled their promise by helping the country increase the tobacco exports while thanking the Speaker Asad Qaiser for timely intervention to get the advance tax withdrawn.
They said that Pakistan was producing quality tobacco crop and there was a huge potential for its exports, hoping that the country could earn a sizeable foreign exchange through it.
The Speaker is also heading a National Assembly Special Committee on Agricultural Products to formulate viable policies to boost the agriculture sector and boost income of the growers.
Pakistan Bureau of Statistics data shows that tobacco exports from the country were recorded at $2.171 million during July 2020 against the exports of $0.914 million during July 2019, showing growth of 137.53 percent.
