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POPULAR NEWS
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...
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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...
FBR’s IREN conducts operations against non-duty paid cigarettes
ISLAMABAD: The Federal Board of Revenue (FBR)'s Inland Revenue Enforcement Network (IREN) conducted various operations against illicit, counterfeit and non-duty paid cigarettes, said a...
LATEST ARTICLES
Illicit tobacco: SIT lauds enforcement efforts
KARACHI: Stop Illegal Trade (SIT) has commended the enforcement efforts of the Federal Board of Revenue (FBR), which have yielded significant results over the past year. These include sealing illegal manufacturing units, seizing illicit...
Enforcement on Illicit Cigarette Trade in Pakistan Compared to European Standards
Ahmad Abdullah, Spokesperson, Stop Illegal Trade (SIT) said on Tuesday that illegal cigarette trade that had grown into a major economic and governance challenge for Pakistan and the tobacco sector. The widespread challenge was...
Billions in Losses as Undocumented Procurement of Critical Cigarette Raw Material Rises
The undocumented procurement of acetate tow, a critical raw material used in cigarette manufacturing, has surged since the imposition of an adjustable Federal Excise Duty (FED) of PKR 44,000 per kilogram on acetate tow...
Smuggled tyres worth Rs30m seized
SARGODHA: Illegal, non-custom paid tyres worth Rs30 million were seized by the Pakistan Customs at Bridge 111, Faisalabad Road, on Friday.
The department, on a tip-off, seized around 360 non-custom paid tyres used in 22-wheeler...
Govt announces nationwide crackdown on illicit cigarette sales
The federal government has announced a nationwide crackdown on illegal cigarette sales, with provinces set to intensify enforcement. A new Oxford Economics report says illicit cigarettes account for more than half of Pakistan’s tobacco...
Crackdown to begin against illicit cigarette market
ISLAMABAD:
In a decisive move to curb the booming illicit tobacco market, the federal government, in coordination with provincial authorities, has announced a nationwide crackdown on the sale of illegal cigarettes.
Speaking at the launching ceremony...
Action taken against sugar mill over TTS violation
ISLAMABAD: The Federal Board of Revenue (FBR) has sealed two chutes of a sugar mill due to violations of Track and Trace System (TTS).
According to FBR announcement issued Tuesday, as part of its zero-tolerance...
Taxes collected by sugar, cement, tobacco industries not being duly passed on to govt
ISLAMABAD - A parliamentary committee on Thursday expressed serious concern that the sugar, cement, and tobacco industries are collecting taxes from consumers; however, there are apprehensions that the collected amounts are not being duly...
Shadow economy’ primary hurdle for economic recovery
Real estate sector alone accounts for approximately Rs500 billion in annual tax losses
Because these sectors operate largely outside documented net, fiscal pressure is unfairly shifted onto small pool of compliant taxpayers, says...
Billions lost as expired, smuggled cigarettes hit Pakistan’s markets
ISLAMABAD – A large-scale irregular operation in Pakistan’s tobacco sector, involving repacking of expired and smuggled cigarettes of international brands and their resale in the local markets, has surfaced, the latest reports claimed on...



































