Breaking News

Smuggled goods worth 29 Billion seized in current year

Islamabad, December 25, 2020 (PPI-OT): Federal Board of Revenue (FBR) has issued a Press Release wherein it has been stated that Considerable progress has been witnessed in the value of seized smuggled goods in the ongoing current Financial Year. Smuggled goods valuing Rs. 29 billion have been seized in the current year from July to December, 2020 showing 37 percent increase in comparison with the seized smuggled goods of previous year in the corresponding months valuing Rs. 21 billion.

Similarly, Duty Drawback of Rs. 5 billion has been paid from July to December, 2020. Pakistan Customs has intensified the countrywide operations against the transportation and marketing of smuggled goods which has lessened the negative impact of smuggling on the economy. Moreover, these operations against smuggled goods have safeguarded the interests of local traders who are engaged in lawful trade.

For more information, contact:
Second Secretary (Public Relations)
Federal Board of Revenue (FBR)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Islamabad, Pakistan
Phone: +92-51-9217267
Fax: +92-51-9208456

Check Also

Duck Creek Technologies Announces Winners of Its Inaugural 2023 Duck Creek Technologies Partner of the Year Awards

Systems Integrator Partners Accenture, Aggne and Coforge; Solution Partners Copart, LexisNexis Risk Solutions, Quadient, and Smart Communications and Consulting Partner Penguin Tech are each recognized for meaningful technology innovations to the insurance industry during Duck Creek’s Partner Summit ’23 BOSTON, Sept. 21, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the […]