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ISLAMABAD:Amid high possibility of reverting back to the old two-tier tax system for the tobacco industry, Pakistan Tobacco Company (PTC) - the sector s largest player - has warned that any such move could severely affect adidas campus grey its business.Two multinational cigarette companies reaped windfall gains in the last fiscal year after the Pakistan Muslim League-Nawa jordan1 z (PML-N) government reduced federal excise duty (FED) by introducing a third tier for tax collection.PTC s after-tax profit more than doubled from Rs6 billion in 2016-17 to Rs12.9 billion in FY18.Tobacco use kills over 0.16m in Pakistan each year: Tarar If the government ends the third tier and introduces a steep increase in FED, the cigarette manufacturing sector will face a massive dent in its sales and fin adidas originals forum ances, said PTC Corporate Finance Head Mohammad Waqas Bhatti while talking to the media.The change in tax system for the tobacco sector is among the proposals which the finance ministry is expected to lay before the federal cabine