Pakistan
Mafias are bleeding Pakistani economy: Intelligence Bureau Report
A report released by Pakistan's Intelligence Bureau on smuggling, tax evasion, drug trade, illegal currency business and misuse of Afghan transit trade showed mafias are bleeding the economy of the country.
The report submitted to the government by the IB also highlights what the agency is doing to check the economic terrorism threatening Pakistan, reports The News International.
According to the report, just the illegal supply of Iranian POL products alone causes an annual loss of at least Rs225 billion to the national exchequer. Smuggled Iranian oil is usually sold at illegal roadside petrol outlets but has now even found its way to regular petrol pumps across the country, the Pakistani newspaper reported.
Exhaustive anti-smuggling efforts by IB, says the report, resulted in the identification of 76 transporters and 29 smugglers and facilitators who were involved in the smuggling of Iranian oil.
As per the report, 995 illegal and unlicensed petrol pumps across the country were also identified for being involved in the sale and purchase of smuggled Iranian oil.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
