Tobaccos and tax loss
A latest study estimates that FBR suffered tax loss of over Rs30 billion in 2018 on account of duty-non-paid (DNP) cigarettes. The tobacco industry observers will be quick to recall how the “DNP cigarettes" have become a bête noire for the formal tobacco players like Pakistan Tobacco and Philip Morris Pakistan. DNP is such a bogeyman that it has been used to lobby for tax changes in Pakistan recently. Read more...
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