Pakistan FMCG Importers Association: government should take strict measures to eliminate smuggling
LAHORE: Pakistan FMCG Importers Association (PFIA) has called upon the government to take strict measures for elimination of smuggling due to which country is losing a staggering $2.63 billion worth of revenue a year.
Quoting a report, PFIA leadership said that due to smuggling not only the government but genuine importers and traders are also getting hurt badly and businesses are in some cases facing closure.
PFIA Chairman Anjum Nisar, Vice Chairman Muhammad Ejaz Tanveer, Secretary General Ali Tariq Mattoo and others made these remarks while speaking at a meeting of the Association held here on Monday. The meeting observed that the losses had been calculated by a report by aggregating numerous customs duties and state taxes as were applicable at the time of the study.
PIFA leadership said that considering the border as the primary source of smuggling would be a devastating mistake as goods are coming in from multiple sources including the high sea and in containerized cargo with officials fully aware.
They said that the present government seemed to be very serious in the economic revival of the country so they should also curb the smuggling which was not only hurting the genuine importers but in some cases also the local industry. They said that the government can add billions of rupees to the national kitty by charging duties and taxes on these goods if these are imported through formal channels thus making available funds in abundance for various development projects including building the most wanted water reservoirs and electricity