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Illicit Cigarette Manufacturers Exploit Exports Quota to Evade Tax
Karachi, March 28, 2024 – Cigarette manufacturers in Pakistan are finding loopholes in export regulations to evade taxes, causing significant losses to the national...
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Fake cigarettes cause Rs5.7 billion loss every year
ISLAMABAD: Approximately Rs. 5.7 billion are lost every year as fake cigarettes are being sold, evading duties and taxes, ARY News reported citing cigarette...
KPFSA seizes stock of noodles containing banned salt
PESHAWAR: Khyber-Pakhtunkhwa Food Safety and Halaal Food Authority (KPFSA) on Tuesday sealed a food company’s distribution outlet over noncompliance with food safety standards.
The brand...
PHONES & DEVICES
High taxes brew illicit tea trade
KARACHI:
Macroeconomic analysts and tea experts warn that the burgeoning illicit tea trade poses both economic and health hazards. High taxes and tariffs on legally-imported...
‘Pakistan loses Rs10bn annually due to illicit tea trade’
KARACHI: Pakistan is losing Rs10 billion annually in duties and taxes because of the illicit tea trade.
Illegal trade is not only causing losses to...
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Bid to smuggle 106 containers of Indian cloth foiled in Karachi
KARACHI: The Federal Board of Revenue (FBR) on Friday foiled an attempt to smuggle 106 containers of clothes from India, ARY News reported.
The FBR...
Seized conveyances used in smuggling: instructions issued to verify genuineness
Pakistan Customs has issued instructions to all its field formations to verify the genuineness of all seized conveyances being used to transport smuggled goods...
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High taxes brew illicit tea trade
KARACHI:
Macroeconomic analysts and tea experts warn that the burgeoning illicit tea trade poses both economic and health hazards. High taxes and tariffs on legally-imported...
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