The International Monetary Fund (IMF) has raised concerns over tax evasion in Pakistan’s cigarette sector, citing that illicit and untaxed cigarettes now account for up to 50% of the industry. According to details, the concern was shown by the IMF delegation during talks with Pakistan authorities for unlocking of $1 bln loan amount under the current programme. Sources said that the IMF has urged Pakistan to regulate the illegal tobacco market, with discussions also covering a market study on illicit cigarette trade during a detailed session with the Federal Board of Revenue (FBR) regarding the Track and Trace system.
