IMF has expressed serious concern over tax evasion of Rs 80 billion in cigrattes

IMF has expressed serious concern over tax evasion of Rs 80 billion through the illegal sale and purchase of cigarettes.

According to the sources, the Finance Ministry and FBR officials briefed the Prime Minister on the illegal sale and purchase of cigarettes, while the monthly report of the measures taken in this regard will also be submitted to the Prime Minister.

Prime Minister directed action against illegal cigarette factories and directed FBR to install a track and trace system in all cigarette factories soon.

FBR's Inland Revenue Intelligence Teams will conduct raids on illegal cigarette factories and reports on action against illegal cigarettes will also be sent to IMF.

The number of Manufacturing companies is still not included
According to the media, more than two dozen cigarette manufacturing companies are still not included in the track and trace system.