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FBR seizes smuggled goods worth Rs. 29B in FY21

ISLAMABAD: The Federal Board of Revenue (FBR) has seized smuggled goods valuing Rs. 29 billion from July to December, 2020 showing 37 percent increase in comparison with the corresponding period of last previous year, during which it seized smuggled goods worth Rs. 21 billion.
This showed considerable progress witnessed in the value of seized smuggled goods in the ongoing current Financial Year, said an FBR press statement issued here.
Similarly, the statement added, Duty Drawback of Rs. five billion were paid from July to December.
Pakistan Customs has intensified the countrywide operations against the transportation and marketing of smuggled goods which has lessened the negative impact of smuggling on the economy.
Moreover, these operations against smuggled goods have safeguarded the interests of local traders who were engaged in lawful trade, the statement said.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.