News | StopIllegalTrade | Page 2
Home News Page 2

News

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...

Eight trucks with smuggled goods seized

LAHORE: Collectorate of Customs Enforcement and Directorate of Intelligence & Investigation have seized eight containers worth of approximately Rs400 million, owned by alleged notorious...

Steel makers anticipate Rs50bln annual tax revenue loss

ISLAMABAD: Four major steel industry associations on Thursday warned the government of at least Rs50 billion in tax revenue losses due to the policy...

6m counterfeit cigarettes seized in Rawalpindi

6m counterfeit cigarettes seized in Rawalpindi The Federal Board of Revenue (FBR) has seized two truckloads of six million counterfeit cigarettes. A team of the...

Over Rs300 Million Non-duty Paid Cigarettes Seized

ISLAMABAD: Inland Revenue Enforcement Network (IREN) squads of the Federal Board of Revenue (FBR), in a counter-evasion operation, seized non-duty/tax paid cigarettes (approximately 14,798,000...

FBR Faces Loss of Rs40 Billion for Poor Monitoring of GLT...

ISLAMABAD: The Federal Board of Revenue (FBR) is facing a mammoth revenue loss of Rs40 billion mainly because of poor monitoring mechanism placed for...

FBR Seizes Cache Of Illicit Counterfeit Cigarettes

FBR Seizes Cache Of Illicit Counterfeit Cigarettes ISLAMABAD :The Federal board of Revenue (FBR) on Thursday seized the huge cache of illicit counterfeit cigarettes to enforcement measures against...

FBR collects Rs.376 Billion from Tobacco industry during last Three Years

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs376 billion from the tobacco industry during the last three years under the PTI led...

Cheap Chinese tyres flood local markets

KARACHI: Chinese tyres have captured 85 per cent of market share in Pakistan — a substantial 45pc increase from two years ago, importers said...

Pakistan in danger of losing its rare artefacts

KARACHI: Pakistan is just 70 years old, but it is situated in a region that had been home to the centuries-old civilisations like Mehrgarh,...

Experts urge govt to curb wheat smuggling via borders

ISLAMABAD: Experts Saturday urged the government to take immediate enforcement measures at border areas to prevent smuggling of wheat to neighbouring countries. Among other...

Lack of accurate data on illicit trade hampering decision making

INACCURATE figures regarding the magnitude of illicit trade in Pakistan have become a major obstacle towards effective economic decisions and policymaking. Important decisions related to...

80pc of country’s pangolins lost to illegal hunting: WWF

ISLAMABAD: Pakistan has lost more than 80pc of its pangolins due to their illegal killing for scales and meat. “We know persecution by farmers has...