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...
Petrol Smuggling costing National Exchequer Rs. 240bn Loss
ISLAMABAD: Pakistan is bearing an annual loss of Rs240 billion due to the smuggling of Petroleum products, according to the Petroleum Commission’s report which...
Tax evasion in tobacco industry: Experts surprised over claims of Mardan-based...
ISLAMABAD: Leading tax experts and tax advisors are surprised over the claims of a Mardan-based company, which offered Prime Minister Imran Khan all possible...
600 cartons of counterfeit cigarettes seized
ISLAMABAD: After seizure of 600 cartons of counterfeit cigarette brands, FBR’s Member Inland Revenue (IR) Operation Dr Mohamad Ashfaque said the Track and Trace...
