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Tax evasion renders Rs300bln losses to Pakistan’s economy
ISLAMABAD: Pakistan is estimated to annually lose more than Rs300 billion on tax evasion in five economic sectors and illicit auto lubricants and tyres...
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Illicit tobacco: SIT lauds enforcement efforts
KARACHI: Stop Illegal Trade (SIT) has commended the enforcement efforts of the Federal Board of Revenue (FBR), which have yielded significant results over the...
Enforcement on Illicit Cigarette Trade in Pakistan Compared to European Standards
Ahmad Abdullah, Spokesperson, Stop Illegal Trade (SIT) said on Tuesday that illegal cigarette trade that had grown into a major economic and governance challenge...
Billions in Losses as Undocumented Procurement of Critical Cigarette Raw Material Rises
The undocumented procurement of acetate tow, a critical raw material used in cigarette manufacturing, has surged since the imposition of an adjustable Federal Excise...
POPULAR ARTICLES
Illegal Trade: All You Need to Know About ‘SuperFake’ Luxury Watches
Counterfeit products have gained popularity and exposure in the past few years. Cheap watch suppliers, replica designer clothing, branded shoes and many more products...
FBR launches crackdown on counterfeit cigarette sellers
The Federal Board of Revenue (FBR) Monday launched a crackdown against the traders/businessmen involved in selling of counterfeit cigarettes, but also started nationwide awareness...
Enforcement on Illicit Cigarette Trade in Pakistan Compared to European Standards
Ahmad Abdullah, Spokesperson, Stop Illegal Trade (SIT) said on Tuesday that illegal cigarette trade that had grown into a major economic and governance challenge...
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‘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...
