AIRLINK 206.49 Decreased By ▼ -6.33 (-2.97%)
BOP 10.19 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.70 Decreased By ▼ -0.30 (-4.29%)
FCCL 33.25 Decreased By ▼ -0.22 (-0.66%)
FFL 16.71 Decreased By ▼ -0.93 (-5.27%)
FLYNG 22.25 Increased By ▲ 0.43 (1.97%)
HUBC 127.80 Decreased By ▼ -1.31 (-1.01%)
HUMNL 14.06 Increased By ▲ 0.20 (1.44%)
KEL 4.80 Decreased By ▼ -0.06 (-1.23%)
KOSM 6.39 Decreased By ▼ -0.54 (-7.79%)
MLCF 42.60 Decreased By ▼ -1.03 (-2.36%)
OGDC 213.50 Increased By ▲ 0.55 (0.26%)
PACE 7.04 Decreased By ▼ -0.18 (-2.49%)
PAEL 41.40 Increased By ▲ 0.23 (0.56%)
PIAHCLA 16.79 Decreased By ▼ -0.04 (-0.24%)
PIBTL 8.35 Decreased By ▼ -0.28 (-3.24%)
POWER 8.85 Increased By ▲ 0.04 (0.45%)
PPL 184.77 Increased By ▲ 1.74 (0.95%)
PRL 38.55 Decreased By ▼ -1.08 (-2.73%)
PTC 24.40 Decreased By ▼ -0.33 (-1.33%)
SEARL 97.51 Decreased By ▼ -0.50 (-0.51%)
SILK 1.01 No Change ▼ 0.00 (0%)
SSGC 40.31 Decreased By ▼ -1.42 (-3.4%)
SYM 18.05 Decreased By ▼ -0.81 (-4.29%)
TELE 8.98 Decreased By ▼ -0.02 (-0.22%)
TPLP 12.35 Decreased By ▼ -0.05 (-0.4%)
TRG 65.40 Decreased By ▼ -0.28 (-0.43%)
WAVESAPP 10.55 Decreased By ▼ -0.43 (-3.92%)
WTL 1.83 Increased By ▲ 0.04 (2.23%)
YOUW 4.01 Decreased By ▼ -0.02 (-0.5%)
BR100 11,813 Decreased By -53.2 (-0.45%)
BR30 35,707 Increased By 9.7 (0.03%)
KSE100 113,375 Decreased By -773.4 (-0.68%)
KSE30 35,685 Decreased By -267.2 (-0.74%)

A team of Customs Intelligence Directorate of Multan seized 14.4 million smuggled cigarette sticks with the assistance of the DG Khan Police on Wednesday. It is learnt cigarettes were being transported in five trucks and were bound for Multan. These trucks also carried other smuggled items like cloth, tyres and cooling pipe. The main cigarette brands seized from the five trucks included Fisher lights, Oris Blue and Three Star.
According to information, the value of the cigarettes is estimated to be over Rs 35 million. The seizure is said to be one of the biggest in the last few years. As per industry data, billions of illegal cigarettes are sold in Pakistan every year. According to a report, government loses more than Rs 24 billion per annum due to these illicit cigarettes. The recent raid, however, shows that government has stepped up its efforts to curtail this problem. With increased enforcement the share of illicit cigarette trade will decrease and raise tax contribution in the national exchequer providing a level playing field for the tax compliant industry.

Copyright Business Recorder, 2016

Comments

Comments are closed.