Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

Smuggled cigarettes causing Rs24b loss

July 22, 2016 by admin News 0 comments

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

Prev
Next

Related Posts

Coach Wins $257 Million Court Ruling against Counterfeiters
November 5, 2012

Coach Inc. (COH), the largest U.S. luxury handbag maker, said it won a $257...

Zimbabwe: Mutare Traders Report ‘Brisk Business’ As Police Say Smuggling Up
September 18, 2016

GOVERNMENT ban on the importation of some foreign products into the country seems...

Alibaba Group Holding Ltd (NYSE:BABA) To Fight Fakes By Building Local Brands
May 26, 2015

Alibaba Group Holding Ltd (NYSE:BABA) is definitely finding it tough to walk away...

Chennai: Delivery boy steals 12 Iphones worth Rs. 5 lakh, replaces them with fake ones.
July 5, 2016

As per reports, B Naveen, a 21-year-old delivery agent, working with the...