FBR tells Senate panel tobacco tax theft is Rs40bn, not $1bn

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday told a Senate sub-committee that estimated tax theft in the tobacco sector is around Rs40 billion annually — far below the government’s public claim of $1bn, or roughly Rs280bn. The admission came during a meeting of the Senate Standing Committee on Interior and Narcotics sub-committee, convened by Senator Saifullah Abro to review smuggling, of narcotics, misuse of tax-exempt imports, and FBR enforcement. Senator Abro questioned FBR of...

By [email protected] (Iftikhar A. Khan)