AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,399 Increased By 104.2 (1.43%)
BR30 24,136 Increased By 282 (1.18%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)
Pakistan

Govt gives one-week deadline to petroleum products smugglers to end practice

  • He was talking to the media after attending a meeting chaired by Prime Minister Imran Khan to discuss anti-smuggling measures, with specific focus on oil smuggling.
Published December 24, 2020

ISLAMABAD: Interior Minister Sheikh Rashid Ahmed Wednesday gave a one-week deadline to the smugglers of petroleum products to end the practice and warned of strict punitive action against anyone found involved in the illegal trade that was undermining national economy.

Describing it as an “important political decision”, the interior minister said he had been tasked by Prime Minister Imran Khan to ensure that the sale of smuggled petrol across the country came to an immediate end.

He was talking to the media after attending a meeting chaired by Prime Minister Imran Khan to discuss anti-smuggling measures, with specific focus on oil smuggling.

The meeting was attended by ministers for interior, finance and maritime affairs, advisor on commerce, Federal Board of Revenue (FBR) chairman and senior officials.

The minister said the prime minister was appreciative of the FBR's role in curbing the smuggling of mobile phones into the country, which saved a revenue of US$ 2 billion as well as billions by putting a check on smuggled garments.

It not only led to growth in revenues, but also boosted the country’s textile industry, despite the Covid-19 pandemic, he added.

The interior minister said a media campaign would also be launched to create awareness among the masses and to encourage them to report the sale of smuggled or substandard petroleum products, which, besides causing revenue loss, was also damaging the vehicles,

He said within seven days all the petrol pumps, which were involved in the practice, would face a strict punitive action with forfeiture of their licenses and they would not be allowed to operate again.

Sheikh Rashid was optimistic that the above measure alone would save the government around 2 billion dollars.

He said the provincial chief secretaries had been given the directions to check the smuggling of petrol.

The minister said the FBR had been tasked by the prime minister to curb smuggling of goods worth US$ 7 billion, that was eroding the national wealth.

Comments

Comments are closed.