
Asia-11 study: Pakistan, along with Vietnam, top consumer of illicit cigarettes
KARACHI: Despite all the efforts put in by the Federal Board of Revenue (FBR), illicit cigarettes still account for one-fourth of the country’s total cigarette consumption, costing the exchequer more than a quarter of a billion dollars in tax losses, according to an international study. In 2012, illicit tobacco trade was 25.4% of the total cigarettes consumed in Pakistan, according to Asia-11: Illicit Tobacco Indicator 2012, an international study compiled by the International Tax and Investment Centre and Oxford Economics.
Related Posts
New Jersey Walmart Sells Woman Fake iPad
What’s worse than buying a fake iPad from Walmart? Having the store tell you...
Counterfeit Trade Estimated To Be Worth $461 Billion A Year
In 2013, counterfeit goods worth more than €461 billion (about $524 billion at...
Fake Currency Note Factory Busted in Prayag raj Madrasa; Green Tape Used for Security Thread
A shocking case has emerged from Prayag Raj, Uttar Pradesh, where a madrasa was...
HOMAI re-launched as ASPA, resolves to fight counterfeiting
Hologram Manufacturers Association of India (HOMAI), which was founded in 1998 to...

