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...
