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The concerns of the industry were highlighted by Pakistan Tobacco Company (PTC), and now Philip Morris, the country's second major tobacco company, has also raised its voice against the smuggling and sale of illicit cigarettes According to Muhammad Zeeshan, Chief Financial Officer and Executive Director of Philips Morris (Pakistan), the major increase in taxes on legal cigarettes has caused a huge jump in smuggling and the sale of illicit cigarettes

This exceptional momentum has solidified their year-to-date returns, with Gold now up 48.5% and Silver demonstrating remarkable strength with a 64% year-to-date increase, positioning them as some of the best-performing assets of 2025

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