Smuggling of various goods causes over Rs 22 billion loss to kitty

Pakistan’s markets are full of smuggled goods ranging from cosmetic to cigarettes, but a few individuals involved in the business are interested in legalizing their business, a survey conducted by Business Recorder revealed. Sale of smuggled petrol and diesel (including LPG) in Balochistan, Sindh, Khyber Pakhtunkhwa and South Punjab has reached its peak, which is causing above Rs 22 billion annual losses to national kitty. Business Recorder contacted different people and market places well-known for smuggled goods to determine the volume of smuggled goods circulating in the national economy and concluded that an estimated Rs 16 billion smuggled tea is being traded in the country, Rs 18 billion cigarettes, Rs 22 billion petroleum products including smuggled LPG, Rs 25 billion auto-parts as well as vehicles and over Rs 200 billion other products including cosmetics clothing, footwear, medicines, spices, juices, electronics and other items.

http://www.brecorder.com/taxation/181:pakistan/1262826:smuggling-of-various-goods-causes-over-rs-22-billion-loss-to-kitty/