Illicit tobacco trade: Pakistan suffers USD1bn revenue loss
ISLAMABAD: Pakistan has suffered huge revenue loss of around USD 1 billion as a result of illicit tobacco trade, depriving governments of billions of dollars in potential revenue and weakening legitimate, tax-paying markets. According to the report “Illicit Tobacco Trade in Asia-Pacific: Taxation, Market Incentives, and Macroeconomic Costs,” launched on Wednesday, the illicit tobacco trade is…
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