ISLAMABAD: Cigarette topped as source of collection of federal excise duty (FED) with 52 percent share in 2013-14, according to the Year Book 2013-14 of FBR.
Cigarette was followed by services (14.4 percent), beverages (9 percent), natural gas (8.7 percent), cement (8.1 percent) and edible oil (2.9 percent). Only six major spinners of FED contributed 95 percent of the total FED collection. The overall FED revenue grew by 15 percent during 2013-14 over the collection of 2012-13. A cursory look on head-wise collection shows that revenue from services recorded a healthy growth of around 51 percent, followed by beverages (37.2 percent), edible oil (27.4 percent) and cigarettes (16.3 percent).
