AGL 38.70 Increased By ▲ 1.13 (3.01%)
AIRLINK 131.00 Decreased By ▼ -1.50 (-1.13%)
BOP 5.59 Decreased By ▼ -0.05 (-0.89%)
CNERGY 3.85 Increased By ▲ 0.08 (2.12%)
DCL 8.70 Decreased By ▼ -0.17 (-1.92%)
DFML 40.80 Decreased By ▼ -0.20 (-0.49%)
DGKC 88.74 Decreased By ▼ -1.42 (-1.57%)
FCCL 35.34 Increased By ▲ 0.26 (0.74%)
FFBL 66.49 Decreased By ▼ -0.01 (-0.02%)
FFL 10.58 Increased By ▲ 0.43 (4.24%)
HUBC 109.20 Increased By ▲ 2.80 (2.63%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.79 Decreased By ▼ -0.07 (-1.44%)
KOSM 7.03 Increased By ▲ 0.18 (2.63%)
MLCF 42.50 Increased By ▲ 0.70 (1.67%)
NBP 59.48 Increased By ▲ 0.90 (1.54%)
OGDC 183.97 Increased By ▲ 2.72 (1.5%)
PAEL 25.60 Decreased By ▼ -0.10 (-0.39%)
PIBTL 5.90 Increased By ▲ 0.07 (1.2%)
PPL 147.81 Decreased By ▼ -0.59 (-0.4%)
PRL 23.51 Increased By ▲ 0.29 (1.25%)
PTC 16.48 Increased By ▲ 1.24 (8.14%)
SEARL 69.80 Increased By ▲ 1.01 (1.47%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.71 Decreased By ▼ -0.29 (-0.81%)
TPLP 7.82 Increased By ▲ 0.42 (5.68%)
TREET 14.25 Increased By ▲ 0.01 (0.07%)
TRG 50.65 Decreased By ▼ -0.20 (-0.39%)
UNITY 26.83 Increased By ▲ 0.43 (1.63%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,814 Increased By 46.2 (0.47%)
BR30 29,773 Increased By 372.9 (1.27%)
KSE100 92,376 Increased By 437.9 (0.48%)
KSE30 28,854 Increased By 110.7 (0.39%)

ISLAMABAD: Multan Tax Bar Association (MTBA) has expressed grave concern over the disappearance of at least 300 cartons of non-duty paid cigarettes from the Regional Tax Office (RTO) in Multan.

According to an urgent communication of the MTBA to Chairman, Federal Board of Revenue (FBR) on Saturday, this incident, involves a significant loss to the national exchequer, estimated at Rs25-30 million and raises serious concerns about the security measures and internal controls in place at the RTO. In light of this alarming situation, MTBA has urged to take the necessary actions to ensure a transparent investigation and prevent future occurrences:

The FBR should establish a committee comprising senior officials from the Federal Board of Revenue (FBR), representatives from MTBA, the Chamber of Commerce, and members of civil society. This committee should be tasked with conducting a thorough investigation to determine the actual loss and identify those responsible.

It demanded that a FBR should lodge a First Information Report (FIR) against the culprits to initiate criminal proceedings and ensure accountability. The FBR must implement immediate measures to secure the remaining stock of seized cigarettes. The FBR should conduct a physical stock take and audit under high security to ensure no further losses occur. The FBR should instruct the RTO Multan administration to refrain from destroying or burning any remaining stock until the committee’s report is prepared and published.

It asked that the FBR should install surveillance cameras throughout the RTO premises to ensure comprehensive monitoring and security.

Copyright Business Recorder, 2024

Comments

200 characters