ISLAMABAD - In a commendable display of efficiency, the Federal Board of Revenue (FBR) has received praise from health activists for their proactive stance against the smuggling of cigarettes. Chairman Asim Ahmad's implementation of the Track and Trace System, along with the Directorate General of Customs Intelligence's ongoing crackdown on smuggled cigarettes, has earned appreciation from these activists.
The Directorates of Customs Intelligence in Karachi, Multan, and Peshawar recently conducted separate anti-smuggling operations on June 6 and 7, resulting in the seizure of millions of rupees' worth of smuggled cigarettes. Among the confiscated brands were Dunhill, Pine Mini, Royal Business, Speed Blue, Benson & Hedges, and Inhale.
The cumulative value of the seized cigarettes in these operations amounts to Rs. 79 million, with a total of 1,780,000 cigarettes recovered. These figures contribute to the overall tally for the current fiscal year, which now stands at 39,187,000 cigarettes with a combined worth of Rs. 1.093 billion.
Chairman Asim Ahmad of the FBR and the Director-General of Customs Intelligence expressed their congratulations to the Customs Intelligence teams in Karachi, Multan, and Peshawar for their successful operations. They also expressed their optimism that the momentum of anti-smuggling efforts would be sustained with even greater dedication.
The recent actions undertaken by the Federal Board of Revenue (FBR) against the smuggling of cigarettes deserve applause. Chairman Asim Ahmad's implementation of the Trace and Control System, combined with the relentless efforts of the Directorate General of Customs Intelligence, demonstrates the commitment of the FBR to combatting this illegal trade.
The seizure of smuggled cigarettes worth millions of rupees in recent anti-smuggling operations conducted by the Directorates of Customs Intelligence in Karachi, Multan, and Peshawar is a significant achievement. Such actions not only safeguard public health but also contribute to curbing the illegal trade that evades taxes, thereby impacting the national economy.
Health advocates while appreciating the efforts of FBR have at the same time suggested FBR be conscious of MNCs paid reports where they reveal inflated and exaggerated data regarding Illicit tobacco and on the bases of which try to get tax cuts.
The representative of Capital calling Hassan Shahzad said that MNCs always speak about the illicit tobacco sector, however, the confiscated brands belong to their own companies.
By thwarting these illegal activities, they not only protect public health but also contribute to the broader goals of revenue generation and upholding the rule of law.
The FBR's commitment to maintaining the momentum of anti-smuggling operations is vital. Continued efforts, supported by enhanced cooperation among relevant agencies, will be crucial in eradicating this illegal trade completely. Additionally, public awareness campaigns and stricter penalties for offenders can act as deterrents, preventing individuals from engaging in such activities in the first place.
The fight against cigarette smuggling requires a multi-pronged approach involving collaboration between government agencies, public support, and strict enforcement of regulations.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on September 30, 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||353.3||357|
|Hong Kong Dollar||HKD||37.93||38.28|
|New Zealand Dollar||NZD||174.58||176.58|
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 205,600 on Saturday.
The price of 10 grams of 24k gold was recorded at Rs 176,270. Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 205,600||PKR 2,450|
|Karachi||PKR 205,600||PKR 2,450|
|Islamabad||PKR 205,600||PKR 2,450|
|Peshawar||PKR 205,600||PKR 2,450|
|Quetta||PKR 205,600||PKR 2,450|
|Sialkot||PKR 205,600||PKR 2,450|
|Attock||PKR 205,600||PKR 2,450|
|Gujranwala||PKR 205,600||PKR 2,450|
|Jehlum||PKR 205,600||PKR 2,450|
|Multan||PKR 205,600||PKR 2,450|
|Bahawalpur||PKR 205,600||PKR 2,450|
|Gujrat||PKR 205,600||PKR 2,450|
|Nawabshah||PKR 205,600||PKR 2,450|
|Chakwal||PKR 205,600||PKR 2,450|
|Hyderabad||PKR 205,600||PKR 2,450|
|Nowshehra||PKR 205,600||PKR 2,450|
|Sargodha||PKR 205,600||PKR 2,450|
|Faisalabad||PKR 205,600||PKR 2,450|
|Mirpur||PKR 205,600||PKR 2,450|