Tag Archives: Revenue

Cigarette industry causes Rs 45 billion revenue loss

Cigarette industry causes Rs 45 billion revenue loss

ISLAMABAD: Government has sustained a loss of revenue amounting to Rs 45 billion during the last six years due to tax evasion, smuggling and counterfeiting in the cigarette industry. Resultantly, the failure of the authorities to take concrete steps to curtail these violations has come under the spotlight.
According to a press release issued on Wednesday, industrial data reveals that government had to face a revenue loss of Rs 7.5 billion in the current year, Rs 6.5 billion in

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