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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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Local Industry irked as Tyre Smuggling Continues Unabated
ISLAMABAD: The local tyre industry has expressed concern over a slowdown in the government’s crackdown against the menace of smuggling. The industry insiders have...
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,...
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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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...
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,...
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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...
ENTERTAIMENT
