ISLAMABAD: The government has lost approximately Rs62.9 billion revenue from the illicit consumption of cigarettes in fiscal year 2016-17 alone, Asia Illicit Tobacco Indicator 2016 – Pakistan, says a report prepared by Oxford Economics.This represents an increase of 21.2 percent in comparison with 2015-16. In Pakistan last year a new tier of Federal Excise Duty was introduced with the possible attempt to curb the illicit trade of cigarettes. Before introducing tier-3, certain number of...