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

News Image

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

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 172,399.90
320.00M
1.59%
2696.30
ALLSHR 103,927.90
888.16M
1.29%
1323.37
KSE30 51,428.16
185.27M
1.65%
836.84
KMI30 246,743.08
136.63M
1.75%
4243.24
KMIALLSHR 67,499.94
461.75M
1.34%
890.73
BKTi 46,974.29
67.03M
1.67%
773.64
OGTi 35,183.53
7.71M
0.85%
295.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 64,560.00 64,800.00
63,430.00
900.00
1.41%
BRENT CRUDE 86.80 89.90
85.80
-3.58
-3.96%
RICHARDS BAY COAL MONTHLY 123.00 0.00
0.00
1.10
0.90%
ROTTERDAM COAL MONTHLY 131.00 131.00
130.00
-1.75
-1.32%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 84.29 87.23
83.20
-3.42
-3.90%
SUGAR #11 WORLD 13.70 13.97
13.68
-0.09
-0.65%

Chart of the Day


Latest News
June 13, 2026 at 05:23 PM GMT+05:00

Budget FY26-27: Reaction


June 13, 2026 at 02:15 PM GMT+05:00

Weekly Market Roundup


June 13, 2026 at 11:34 AM GMT+05:00

Pakistan showcases trade strength at China expo


June 13, 2026 at 10:21 AM GMT+05:00

BUDGET 2026-27 COMMENTARY – PART I



Top 5 things to watch in this week

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