Press briefing of Cabinet Decision taken on 2023-02-13

Submission of New Excise Bill

- It has been found appropriate to amend the Excise Ordinance to be suited with present day needs, which was introduced in the year 1912 for the regulating the use of liquor and tobacco, related business and issuance of relevant licenses and imposing taxes and the Hon. President in his capacity as the Minister of Finance, Economic Stabilization and National Policies has submitted a proposal to Parliament through the Interim Budget 2022 pertaining to introduction of a new Excise Act in lieu of Excise Ordinance and the Tobacco Tax Act. Accordingly, the proposal made by the Hon. President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to instruct the Legal Draftsman to prepare a Bill for the said purpose, was approved by the Cabinet.