ISLAMABAD: Pakistan is one of the top markets for the illicit tobacco trade in Asia, and the market share of these illegal manufacturers have...

Illegal tobacco trade in Pakistan is the direct result of tax evasion in the country worth PKR 80 billion every year. They make up...

LAHORE: Over Rs40 billion estimated losses to exchequer by smuggled tobacco products is just tip of the iceberg compared to damage dealt by myriad...

QUETTA: Quetta Customs and Security forces in a joint operation recovered foreign goods worth Rs 150 million. According to customs sources, the staff of...

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...

The Federal Board of Revenue (FBR) has estimated that approximately 25 percent of the companies in Pakistan are zombie firms involved in tax evasion...

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,...

ISLAMABAD: After installing the Track and Trace System at 78 sugar mills all over the country, the FBR has raided the premises of one...

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...

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...

LAHORE: A drive to curb smuggling of tyres by customs department has led to price escalation because of the incapacity of local manufacturers and...

Islamabad: According to the Sustainable Development Policy Institute (SDPI), taxation policies towards the legal tobacco industry in Pakistan needs the correct narrative through actual...

KARACHI: The Federal Board of Revenue (FBR) has unearthed approximately Rs16 billion worth of tax evasion by manufacturers and suppliers of tea whitener who...

Rawalpindi: According to Sana Ullah Ghumman, the Director Operations and General Secretary of Pakistan National Heart Association (PANAH), there have been significant surges in...

ISLAMABAD: Poor tax compliance in gold and precious stone sectors is causing huge losses to the national exchequer, said a report released by the...

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

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

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...

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