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Building a $3trn economy: the case for supporting legitimate businesses

11 0
21.02.2025

As the Chief Operating Officer of British American Tobacco (BAT), I have the regular opportunity to engage with our team in Pakistan and am consistently impressed by the resilience, ambition, and determination of its people.

BAT’s connection to Pakistan, through its local subsidiary Pakistan Tobacco Company (PTC), dates back to the country’s independence. As the first and one of the largest multinationals operating in Pakistan, PTC has always played a pivotal role in generating business value and nurturing local talent.

It has also consistently been recognised by the Government of Pakistan as one of the highest taxpayers. Since 2021, PTC’s sales have generated over PKR 600 billion (USD 2.17 billion) in tax contributions to the national exchequer.

In 2024 alone, PTC’s business delivered PKR 258 billion (USD 930 million) in Federal Excise Duty, Sales Tax and other taxes, contributing a significant source of revenue for the country.

Following the launch of the ‘Made in Pakistan’ initiative, which is aimed at positioning Pakistan as a key manufacturing and export hub, PTC’s Jhelum factory has become an export hub for the BAT Group, meeting the highest quality standards across the BAT network and setting a benchmark for operational excellence. In the last five years, PTC has exported cigarettes and tobacco worth USD 150 million to partners and BAT subsidiaries in different countries across the globe.

In line withits vision to create A Better Tomorrow™ by building a Smokeless World, BAT invested USD 40 million to........

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