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...
