ISLAMABAD: Illicit cigarette trade was causing an annual loss of Rs14.7 billion to the country’s national exchequer. According to details, the corrupt mafia of Federal Board of Revenue (FBR) has failed to curtail this illegal practice as country’s big fishes were involved in this awful crime.
 
This was revealed in a report compiled by BMA Capital Management Limited Company. While handing over this report to FBR officials it stated that country nation exchequer could be protected for the loss of billion of rupees through controlling the cigarettes smuggling.

The FBR was collecting billion of rupees sale tax through sale of cigarettes but now owing to the illicit cigarette trade it was bearing loss of Rs. 14.7 billion. It mentioned in report that annually Rs. 88 billion cigarettes utilized in Pakistan and this ratio was going towards upward.

It stated in report that FBR’s custom intelligence and inland intelligence unit were responsible of this stealing as presence of corrupt officials in these units was causing Rs. 14.7billion to the nation exchequer.

The sources have revealed that after receiving the report the Chairman FBR didn’t take action against the responsible and only sought comments from custom officials and ended the matter.

It is revealed in the report that the tax evasion of billion of rupees could be saved by taking disciplinary action against custom officials deputed on Pak Afghan border and coastal boundaries of the country.

In this connection,  when spokesman of FBR was contacted , he refused to comment on the matter , however he did not refute the report.