FBR seizes illegal cigarettes worth Rs225.38mn in 7MFY22

News Image

MG News | February 11, 2022 at 10:55 PM GMT+05:00

0:00

February 11, 2022: Building on its momentum to maximize tax compliance, the Federal Board of Revenue’s Inland Revenue Enforcement Network (IREN) Squads, has seized 93.52 million illegal cigarettes worth Rs225.38mn involving duties and taxes of Rs184mn in the seven months of FY 2021-22.

Likewise, during the month of January 2022, IREN has seized non-duty / tax paid cigarettes of Rs29.7mn (approximately 13mn sticks) resulting in detection of evasion of duties and taxes worth Rs27.7mn.

It is pertinent to mention that IREN was established in September 2019 with a Chief Coordinator, Central Field Coordinator and seven regional enforcement hubs all across Pakistan, tasked to conduct raids and seizures on the counterfeit and non-duty paid cigarettes. As a part of the ongoing crackdown against illicit cigarette trade countrywide, all IREN hubs have intensified their operation against businesses dealing in non-duty paid and counterfeit cigarettes to save the national exchequer from revenue loss.

Moreover, IREN has also been entrusted to ensure its enforcement in the entire supply chain of the Sugar Industry.  For this purpose, the Chief Coordinator IREN and his Regional Enforcement Squads across Pakistan are geared to conduct raids and ensure seizures on the non-tax paid sugar stocks, which move out of the factory premises/warehouses without tax stamps.

As a result, IREN Squads have intensified their operations in every nook and corner of the country, against the non-compliant supply chain operators dealing in the sugar sector in order to maximize revenue potential.

Mr Shaukat Fayaz Tarin, Minister for Finance & Revenue has appreciated the performance of IREN Squads and announced a cash reward for those officers, who conducted successful raids.

He stated that Track & Trace system coupled with IREN’s valiant drive would help overcome the menace of non-tax paid goods in the market.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 170,916.41
161.03M
0.62%
1051.88
ALLSHR 103,369.66
383.25M
0.63%
644.53
KSE30 52,019.19
73.81M
0.68%
348.77
KMI30 246,253.29
61.92M
0.83%
2022.47
KMIALLSHR 67,624.00
214.24M
0.72%
482.17
BKTi 45,637.55
19.08M
0.28%
126.30
OGTi 34,354.87
15.54M
1.68%
567.82
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 89,765.00 90,250.00
87,745.00
-675.00
-0.75%
BRENT CRUDE 61.43 61.50
61.07
0.31
0.51%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
1.00
1.11%
ROTTERDAM COAL MONTHLY 97.30 0.00
0.00
0.60
0.62%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 57.73 57.80
57.38
0.29
0.50%
SUGAR #11 WORLD 15.10 15.27
14.83
0.25
1.68%

Chart of the Day


Latest News
December 15, 2025 at 10:51 AM GMT+05:00

Pakistan mines praise for fast-moving crypto progress


December 15, 2025 at 10:45 AM GMT+05:00

IMF EFF measures part of ongoing reforms, Govt says


December 15, 2025 at 10:00 AM GMT+05:00

SECP honoured as a “Reforms Champion”


December 15, 2025 at 09:39 AM GMT+05:00

FNEL Board proposes 10-for-1 share split


December 15, 2025 at 09:27 AM GMT+05:00

PIBT bags key rights to handle Reko Diq copper-gold cargo



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg