Anti-smuggling operations in Balochistan
Balochistan is one of the largest province of Pakistan in terms of area covering 347,190 km area whereas it is the most sparsely populated...
Narcotics worth Rs115m seized at Torkham border
ISLAMABAD: Building further on its countrywide anti-smuggling operations, Pakistan Customs (FBR) has seized narcotics worth Rs 115 million at Torkham, Pak-Afghanistan border.
The contraband items...
‘Illicit cigarettes inflicting a huge loss on national economy’
LAHORE: The illicit cigarettes in Pakistan is not only inflicting huge loss to the national kitty but also posing serious health hazards to the...
Tackling illicit trade
LAHORE: Lowering import duties or taxes has seldom reduced the quantum of illicit trade in our country, as the problem lies in the support...
Authorities failed to stop influx of illegal cigarettes from AJK
LAHORE: The authorities have failed to stop the influx of illegal cigarettes from Azad Jammu and Kashmir (AJK) to other parts of the country,...
Illegal imports of tea, textile and tyres curbed
ISLAMABAD: The quantum of smuggled goods in to the country decreased during the first five months of the current fiscal year as data reported...
CRIMINAL COMMERCE
LAHORE: Informal trade in Pakistan is not limited to local merchandise only as a major chunk comes through smuggled goods that include electronics, home...
Customs conducts 1,279 operations in Sindh last year
KARACHI: Pakistan Customs with the assistance of Sindh police and Rangers conducted 1279 operations during the fiscal year 2020-21 and seized smuggled goods worth...
Confiscated goods, narcotics: ‘destruction ceremony’ held in Hyderabad
HYDERABAD: The Collectorate of Customs, Hyderabad held a destruction ceremony of confiscated smuggled goods and narcotics at Hyderabad on 16th October.
The Collector of Customs,...
OICCI calls for radical steps to check tax evasion
ISLAMABAD: The Overseas International Chamber of Commerce and Industries (OICCI) has recommended to the finance teams working on the upcoming budget 2021-22 for seizure...
Efforts being made to promote trade: official
QUETTA: Chief Collector Customs Balochistan Mohammad Sadiq has said that all available resources are being utilised for promoting legal trade in the province with...
Experts stress tobacco verification to prevent revenue losses
KARACHI: Experts have urged the tax authorities to bring the overall supply chain of tobacco under effective tobacco control and enforcement, including a mechanism...
Steps Being Taken to Check Smuggling From Afghanistan
KOHAT: The divisional customs department since its upgradation to collectorate, Southern Khyber Pakhtunkhwa, has seized illegal goods, non-custom paid vehicles and drugs worth Rs891...
Illicit cigarette trade challenge comes under the spotlight
LAHORE: Speakers at a webinar have called for bringing the overall supply chain of tobacco under effective tobacco control and enforcement including a mechanism...
FBR’s IREN conducts operations against non-duty paid cigarettes
ISLAMABAD: The Federal Board of Revenue (FBR)'s Inland Revenue Enforcement Network (IREN) conducted various operations against illicit, counterfeit and non-duty paid cigarettes, said a...
The rising illicit trade in Pakistan
ISLAMABAD: Pakistan is one of the top markets for the illicit tobacco trade in Asia, and the market share of these illegal manufacturers have...
Illicit Cigarette Trade In Pakistan.
Illegal tobacco trade in Pakistan is the direct result of tax evasion in the country worth PKR 80 billion every year. They make up...
Tip of the tax loss iceberg
LAHORE: Over Rs40 billion estimated losses to exchequer by smuggled tobacco products is just tip of the iceberg compared to damage dealt by myriad...
Foreign Goods Worth Rs150 Million Recovered
QUETTA: Quetta Customs and Security forces in a joint operation recovered foreign goods worth Rs 150 million.
According to customs sources, the staff of...
Track and trace system a game changer
LAHORE: The tobacco industry of Pakistan believes that effective enforcement of Federal Board of Revenue’s (FBR) track and trace system to counter tax evasion...
FBR Makes a Shocking Revelation About Zombie Firms in Pakistan
The Federal Board of Revenue (FBR) has estimated that approximately 25 percent of the companies in Pakistan are zombie firms involved in tax evasion...
Customs Destroy Smuggled Goods Worth Rs2.5 Billion
KARACHI: Pakistan Customs has destroyed Rs.2.5 billion worth of smuggled and contraband items after a gap of two years.
Addressing a function in this regard,...
Lacking tax stamps: FBR raids sugar mill in Hyderabad, seizes 172...
ISLAMABAD: After installing the Track and Trace System at 78 sugar mills all over the country, the FBR has raided the premises of one...
FBR’s Track & Trace System launched: Ex-rulers must be punished for...
ISLAMABAD: Prime Minister Imran Khan Tuesday said the former rulers should be punished for taking the country’s loans from Rs6 trillion to Rs30 trillion...
Tax Evasion by Five Sectors Amounts to Rs310 Billion
LAHORE: Illicit trade is weakening Pakistan’s performance in the global arena and the country is losing a hefty chunk of tax revenue, which can...
Drive to Curb Smuggling of Tyres Leads to Price Escalation
LAHORE: A drive to curb smuggling of tyres by customs department has led to price escalation because of the incapacity of local manufacturers and...
SDPI SUGGESTS TAXATION POLICIES FOR TOBACCO TRADE MUST BE BASED ON...
Islamabad: According to the Sustainable Development Policy Institute (SDPI), taxation policies towards the legal tobacco industry in Pakistan needs the correct narrative through actual...
FBR unearths Rs16bln sales tax evasion on tea whitener
KARACHI: The Federal Board of Revenue (FBR) has unearthed approximately Rs16 billion worth of tax evasion by manufacturers and suppliers of tea whitener who...
PANAH Raises Objection on Low Tax Rises on Tobacco Products
Rawalpindi: According to Sana Ullah Ghumman, the Director Operations and General Secretary of Pakistan National Heart Association (PANAH), there have been significant surges in...
Tax evasion in gold, gems sectors causing huge revenue losses, says...
ISLAMABAD: Poor tax compliance in gold and precious stone sectors is causing huge losses to the national exchequer, said a report released by the...
