Smuggled cigarettes causing Rs24b loss
Pakistan is losing billions of rupees in annual excise revenue due to large scale and organised smuggling of internationally popular cigarette brands into Pakistan via Afghanistan.
A report by Tobacco Farmers Welfare Association (TFWA) estimates an annual loss in revenue of more than Rs24 billion due to illicit cigarette trade.
The use of smuggled brands like Benson & Hedges, Dunhill, Marlboro, Pine etc. is increasing among Pakistani youth. And while big tobacco firms continue to augment their revenues, Pakistan is suffering major economic losses.
http://nation.com.pk/business/22-Jul-2016/smuggled-cigarettes-causing-rs24b-loss
Related Posts
DRI seizes 11 kg gold worth over Rs 5 crore, foils smuggling attempt
The Directorate of Revenue Intelligence (DRI) has successfully foiled attempts of...
Fake Bazaar! From Lipsticks To Toothpastes, Noodles To Milk, Counterfeit Products Make A Killing
Adulterated products are carefully mixed with originals. Unpacked spices, edible...
Major tobacco bust in Abercrombie
NEW GLASGOW - A 41-year-old man Pictou County man has been charged under the...
Fake Goods Valued At $65m Seized By Customs In Less Than Two Years
Approximately $65 million worth of infringing products were successfully...