News

ISLAMABAD: In a decisive move to curb the booming illicit tobacco market, the federal government, in coordination with provincial authorities, has announced a nationwide crackdown...

ISLAMABAD: The Federal Board of Revenue (FBR) has sealed two chutes of a sugar mill due to violations of Track and Trace System (TTS). According...

ISLAMABAD –  A large-scale irregular operation in Pakistan’s tobacco sector, involving repacking of expired and smuggled cigarettes of international brands and their resale in...

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...

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...

LAHORE: The government must strictly enforce the implementation of the Track and Trace (T&T) System in the cigarette manufacturing sector, which has the potential...

Pakistan is witnessing an unprecedented exodus of multinational companies, signalling a grave crisis of confidence in its economy. Despite Pakistan's promising market, rich in consumer...

LAHORE: The effective implementation of the Track & Trace System (TTS) has the potential to contribute billions of rupees to the national treasury, which...

Karachi, March 28, 2024 – Cigarette manufacturers in Pakistan are finding loopholes in export regulations to evade taxes, causing significant losses to the national...

The increase in FED on cigarettes last year to discourage tobacco consumption has the opposite effect, as the health organizations and the government aimed...

LAHORE: Experts have suggested that Pakistan has a strategic opportunity to meet conditions of the International Monetary Fund (IMF), enhance tax collection and significantly increase...

LAHORE: Emphasising the need for documenting and taxing illicit tobacco transactions, the experts have called for combating illicit tobacco trade for economic boost. As Pakistan...

LAHORE: The legitimate tobacco industry in Pakistan faces a severe crisis, with heavy taxes on tobacco products leading to a significant decrease in production and...

Cigarette industry witnessing big surge in illegal trade RECORDER REPORT ISLAMABAD: The cigarette industry is experiencing a surge in illegal trade in recent months, particularly following...

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...

Continuing with its ongoing incessant operations against currency smuggling, Pakistan Customs has seized Qatri Reyals worth USD 38,500 this afternoon at Peshawar Airport. A...

ISLAMABAD: An international research organization on Saturday revealed that the tax evasion of Rs80 billion per annum is taking place in Pakistan due to...

LAHORE: Smuggling across Pakistan’s borders with Iran and Afghanistan continues to plague the country’s economy.   Although efforts of the present government have prompted a slight decline...

KARACHI:The Pakistan Tehreek-e-Insaf (PTI) government's policies aimed at curtailing imports have started yielding desired results. The trade deficit has contracted considerably but whether the...

ISLAMABAD: Illicit tobacco trade is denying the country billions of rupees worth of revenues mostly because of soft-hitting laws and lack of enforcement, experts...

ISLAMABAD: Pakistan is estimated to annually lose more than Rs300 billion on tax evasion in five economic sectors and illicit auto lubricants and tyres...

Islamabad: The taxation policies towards the tobacco industry in Pakistan need to be based on real evidence, including the facts and figures about the...

Islamabad: Tax evasion and illegal trade in five sectors – tea, tyres & auto lubricants, pharmaceuticals, illicit cigarettes and real estate – are inflicting...

FAISALABAD: Undocumented transactions worth millions of rupees conducted by yarn and fabric traders in Sutar Mandi are hurting the national exchequer.   Located in Faisalabad, Sutar...

ISLAMABAD: The government’s compromises with real estate sector and tax authorities’ failure to take action against over 3,400 housing societies that remain outside the...

ISLAMABAD: The Federal Board of Revenue (FBR) has planned to conduct physical surveys of selected undocumented sectors, according to the new tax reform plan...

ISLAMABAD: The Federal Board of Revenue (FBR) will confiscate cigarette packs (without tax stamps) manufactured in Azad Jammu and Kashmir (AJK), but brought within...

ISLAMABAD: The Society for the Protection of the Rights of the Child (SPARC) here on Friday organised a session with journalists to discuss the...

LAHORE: The Customs Intelligence & Investigation Lahore has witnessed 30 percent drop in smuggling from India after a strict vigilance and reduction in number...

ISLAMABAD: Accomplishing a result-oriented anti-smuggling operation due to enhanced vigilance on all export consignments, the Collectorate of Customs Appraisement, Quetta seized illegal urea fertilizers...