Smoking illegally
The recent operation by the Federal Board of Revenue (FBR) to curb the trade of illegal cigarettes is highly commendable. It has seized 8,320,000 illegal cigarettes which had evaded taxes worth over Rs17 million, showing just how huge the illegal trade net is and how it is damaging our economy.
It is also alarming to know that the market share of illegal cigarettes has reached 40 percent. Recently, the government taxed various essential items in the mini-budget, yet it failed to cut off the pathways of illicit trade. It should formulate and enforce a strategy to curb the illegal trade of cigarettes, instead of taxing essential items. Such a strategy can, however, only bear fruit if proper auditing of all imports is done and anyone found guilty of wrongdoing is held accountable – and penalised.
Abu Bakar Kareem
Karachi
-
The Truth Behind Victoria Beckham's 'inappropriate' Wedding Dance Video -
AI Startup Raises $480 Million At $4.5 Billion Valuation In Earlier Gains -
North Carolina Woman Accused Of Serving Victims With Poisoned Drinks -
Robert Redford’s Daughter Amy Sings Praises Of Late Father -
OpenAI And ServiceNow Team Up To Embed ChatGPT In Business Workflows -
Johnny Depp Prepares For His Massive Comeback After Years Of Struggle -
Meghan Markle Is Ready To Put A Cork In It All By Giving Prince Harry Baby No. 3: ‘She Wants A Break’ -
Billie Eilish Speaks Out Against Authority: 'It's Very Strange' -
'Greenland Will Stay Greenland', Former Trump Adviser Hints At New Twist -
Brooklyn Beckham's Wedding Dance With Mom Victoria Sparks Hilarious Memes -
King Charles' Latest Photos A Statement On His Health? -
Tom Cruise's Biggest Dream Crushed By The President? -
King Charles, Queen Camilla Send Message To King Of Spain After Train Crash -
'We Believe Brooklyn': David Beckham Trolled After Son's Statement -
Microsoft CEO Says AI Must Deliver Real World Impact To Survive -
Stranger Knocks, Then Opens Fire On Indiana Judge And Wife