AGL 6.70 Decreased By ▼ -0.08 (-1.18%)
ANL 9.75 Increased By ▲ 0.37 (3.94%)
AVN 80.00 Decreased By ▼ -1.40 (-1.72%)
BOP 5.45 Decreased By ▼ -0.02 (-0.37%)
CNERGY 4.95 Decreased By ▼ -0.08 (-1.59%)
EFERT 81.82 Decreased By ▼ -1.17 (-1.41%)
EPCL 59.27 Increased By ▲ 0.32 (0.54%)
FCCL 15.64 Decreased By ▼ -0.16 (-1.01%)
FFL 6.56 Increased By ▲ 0.06 (0.92%)
FLYNG 8.35 Decreased By ▼ -0.12 (-1.42%)
GGGL 10.20 Decreased By ▼ -0.03 (-0.29%)
GGL 16.45 Decreased By ▼ -0.19 (-1.14%)
GTECH 8.54 Decreased By ▼ -0.06 (-0.7%)
HUMNL 6.35 Decreased By ▼ -0.10 (-1.55%)
KEL 3.00 Decreased By ▼ -0.05 (-1.64%)
LOTCHEM 30.50 Increased By ▲ 0.62 (2.07%)
MLCF 28.90 Increased By ▲ 0.10 (0.35%)
OGDC 75.45 Decreased By ▼ -0.90 (-1.18%)
PAEL 16.28 Decreased By ▼ -0.07 (-0.43%)
PIBTL 5.73 Decreased By ▼ -0.05 (-0.87%)
PRL 17.23 Decreased By ▼ -0.22 (-1.26%)
SILK 1.13 Decreased By ▼ -0.03 (-2.59%)
TELE 11.74 Increased By ▲ 0.34 (2.98%)
TPL 8.01 Decreased By ▼ -0.16 (-1.96%)
TPLP 21.65 Decreased By ▼ -0.60 (-2.7%)
TREET 23.40 Decreased By ▼ -0.18 (-0.76%)
TRG 144.50 Decreased By ▼ -3.50 (-2.36%)
UNITY 23.15 Decreased By ▼ -0.20 (-0.86%)
WAVES 11.52 Decreased By ▼ -0.18 (-1.54%)
WTL 1.61 Increased By ▲ 0.02 (1.26%)
BR100 4,244 Decreased By -4.4 (-0.1%)
BR30 16,406 Decreased By -179.2 (-1.08%)
KSE100 42,107 Decreased By -53.1 (-0.13%)
KSE30 15,869 Decreased By -25.5 (-0.16%)
Follow us

Smuggled tyres to the tune of Rs300 billion enter Pakistan every year that deal a massive blow of Rs50 billion to the national exchequer and dampen investment in the sector, said an official of Ghandhara Tyre and Rubber Company Limited (GTR).

Speaking to journalists, he said the demand of tyres in Pakistan was close to 14 million units (excluding motorcycle and rickshaw tyres).

“Nearly 15% of the total domestic demand is met through local production while imports cover 25%,” he said. “The remaining 60% is filled by smuggled tyres.”

He was of the view that by curbing the smuggling of tyres, the government could encourage at least five more players to enter the segment by pouring fresh capital and motivate existing players to enhance the size of investment.

“Reducing inflow of contraband merchandise will also save precious foreign exchange for the country and contribute to the economy in form of employment generation and widening of the tax net,” the official said.

He cited that smuggling prevailed in the sector on the back of lack of coordination between the government authorities.

According to him, smuggling was rife due to misuse of Afghan Transit Trade (ATT).

“The government should re-visit the data of items being imported via the ATT and check whether the numbers are supported by the vehicle population in Afghanistan,” the official said.

He stressed the need to address the issue and urged Pakistan Customs to ensure that ATT is not misused.

Comments

Comments are closed.

samir sardana Sep 22, 2022 10:02pm
ALL OVER THE WORLD GOOD IMPORTED VIA LAND ROUTE FROM A 3RD NATION CANNOT BE TAXED HENCE,AFGHAN IMPORTS VIA KARACHI,ARE NOT TAXED IN PAKISTAN (NO IMPORTS OF SALES OF VAT TAX) BUT IT IS NOT THAT THE CONTAINERS CROSS TORKHAM,AND ARE DESTUFFEED IN AFGHAN,AND THEN TYRES ARE SMMUGLED,INTO PAKISTAN. 1. THE CONTAINERS DISAPPEAR - - THEY DO NOT REACH AFGHANISTAN 2. THE CONTAINERS CLAIMS TO CARRY X BUTA ACTUALLY CARRY TYRES - WHICH ARE THEN SMUGGLED INTO PAKISTAN 3. THE CONTAINERS ARE DESTUFFED AT KARACHI, AND THEN THE TYRES DISAPPEAR IN PAKISTAN SO PAKISTAN HAS TO ENSURE THAT CONTAINERS ARE DESTUFFED IN AFGHANISTAN AND EVERY CONTAINER IS TRACKED UPTO TORKHAM OTHER AFGHAN CROSSING AND CONTAINERS RETURNING BACK FROM AFGHANISTAN ARE EMPTY THUS THE ROAD FREIGHT,SHOULD RAISE THE COSTS,FOR TYRE SMUGGLING ! ON TOP OF THAT PAKISTAN CUSTOMS,CAN IMPOSE A QUANTITY CURB ON TYRE IMPORTS - BY GRADE, FOR AFGHANISTAN THAT SHOULD KILL THE ATT TYRES SMUGGLING.dindooohindoo
thumb_up Recommended (0)