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 the trade of non-duty paid cigarettes. In pursuit of the vision...

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 regime. According to official data available with The News showed that...

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 on Monday. Like many Made in China products that have flooded...

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, Indus Valley and Gandhara. The country hosts scores of archaeological sites...

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 experts, Khan Faraz from Hayatabad, Peshawar informed media representatives, here...

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 the economy require that these decisions be based on accurate...

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 always been there. But we have seen a very sharp...

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 was made public on Tuesday after the federal cabinet’s approval....

Tax evasion in tobacco industry: Experts surprised over claims of Mardan-based company

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 assistance for implementation of the Federal Board of Revenue (FBR)'s...

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 System would be rolled over across the country from July...