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Standard Chartered announces completion of sale of its global aviation finance leasing business to AviLease

Standard Chartered announces completion of sale of its global aviation finance leasing business to AviLease
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Rs29 billion smuggled goods seized in July-Dec


Business
December 26, 2020
ISLAMABAD: Pakistan Customs has seized Rs29 billion worth of smuggled goods during the first half of the current fiscal year as the tax authorities are improving efforts to curb untaxed trade in the country, an official said on Friday.
“Considerable progress has been witnessed in the value of seized smuggled goods,” said a spokesperson of the Federal Board of Revenue (FBR).
“Smuggled goods valuing Rs29 billion have been seized from July to December 2020, showing 37 percent increase in comparison with the seized smuggled goods of previous year in the corresponding months valuing Rs21 billion,” the spokesperson said.
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 are engag ....

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