
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
Feds seize suspected counterfeit sports gear at Meridian Mall
·A team of federal agents made a “significant seizure” of suspected counterfeit...
Research develop special fluorescent ink to reveal counterfeit products
Oneday soon, the simple act of taking a photo with your Smartphone could help...
Illegal cigarettes worth Rs 50 lakh seized in Guntur
VIJAYAWADA: Officers from the Central Goods and Services Tax (CGST)...
Mumbai: DRI arrests father-son duo from Zaveri Bazar in gold smuggling case
The entire operation of DRI is based on the information obtained from the...