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Illicit Cigarette Trade Results in 8 Billion Rupees Tax Evasion, Draws Attention of IMF

The illicit purchase and sale of cigarettes resulted in tax evasion of 8 billion rupees, which has drawn the severe attention of the International Monetary Fund (IMF). According to reports, the Prime Minister received a briefing on the illicit buying and selling of cigarettes from representatives of the Federal Board of Revenue and the Ministry

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Government Announces New FED Charges on Premium Class Flight Tickets

Federal excise duty (FED) rates have changed for first class, business class, and club class airline tickets, according to the government. On international flights, the FED rates will be determined on the destinations. On Monday, the Finance Supplemental Bill 2023 was introduced with these revisions. After the Finance (Supplementary) Law 2023 takes effect, club, business,

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