Smuggled cigarettes causing Rs24b loss

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