October 11, 2024
2 mins read

Pak govt on high alert over rampant petrol smuggling 

It has been disclosed that petroleum products worth around 396 billion Pakistani rupees are being smuggled into the country. ..reports Asian Lite News

Pakistani authorities have decided to initiate a crackdown against the smuggling of petroleum products in the country, Ary News reported.

It has been disclosed that petroleum products worth around 396 billion Pakistani rupees are being smuggled into the country. The authorities have decided to launch a crackdown on illegal petrol pumps,and a plan of more measures, has also been prepared to curb smuggling of petroleum products in the country.

The Federal Board of Revenue (FBR) in Pakistan has also submitted its recommendations for amending the laws related to petroleum. FBR is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax.

It has been noted that the smuggling of petroleum products is not only damaging the local refineries of Pakistan, but it is also causing revenue loss of billion of rupees annually to the country. To avoid the billions of rupees losses in revenue and protect the local refineries from the onslaught of the illicit import from Iran, the government is evolving a plan involving strict measures against the smuggling of petroleum products.

According to Dawn, the smuggled Iranian oil is stockpiled in underground storage facilities located in varipous Pakistani cities such as Gwadar, Panjgur, Mashkhail and Quetta, from where it is further transported into vehicles with secret compartments, for onward supply to the rest of the country.

Dawn also noted that over 2 million people in Balochistan are dependant on the smuggling of Iranian oil into the country to sustain their livelihoods due to the area being hit by terrorism and having scarce economic opportunities in any other area of the economy.

According to Ary News, it has been proposed by the government to empower district administrations to seal unauthorized petrol pumps and filling stations. It was also suggested that the districts would be empowered to confiscate the machinery and equipment of the illegal petrol pumps.

Government sources said that a proposal of digitalization of petrol pumps across the country has also been under consideration. Various other proposals such as the introduction of sim-based technology at petrol pumps to monitor the sales, real-time monitoring of stocks at petrol pumps, and preparation of a digital application and GIS mobile application to trace illegal petrol filling stations are some key suggestions put forward. (ANI)

ALSO READ: India bids tearful adieu to Ratan Tata

Previous Story

SCO Summit: Rawalpindi and Islamabad businesses to close for 5 days

Next Story

Nepal PM Oli condoles Ratan Tata’s demise

Latest from -Top News

After Pakistan, China Backing Iran Too?

China and Iran signed a 25-year comprehensive cooperation agreement that covered trade, energy and security, showcasing the strategic value that Beijing places on Tehran….reports Asian Lite News Despite its long-standing claims of

US-India ties is a slow-motion catastrophe

For the first time in two decades, Trump’s actions, statements, and coercive tone have made relations with the US a combustible domestic political issue in India, writes Manoj Menon The post-globalisation uncertainty

Modi Welcomes Marcos Jr to Delhi

PM Modi Welcomes Philippines President Marcos Jr to Strengthen India-Philippines Ties…reports Asian Lite News Prime Minister Narendra Modi on Tuesday warmly welcomed Philippines President Ferdinand R. Marcos Jr at Hyderabad House in

Is Bangladesh Turning Into a Theocratic State?

The rise of radical Islamic influence under Yunus’s watch threatens to transform Bangladesh from a secular democracy into a theocratic state….writes Anna Mahjar-Barducci Nobel Peace Prize laureate Muhammad Yunus’s transition from economist

Post-370 Kashmir Reinvents Itself

The developments suggest that Kashmir’s post-abrogation journey is not merely political – it is profoundly social, economic, and cultural….writes Shashikant Trivedi Six years after the abrogation of Article 370, Jammu and Kashmir
Go toTop

Don't Miss

Bajwa has to step-up game to counter anti-India opportunists

It is time that Army Chief Bajwa, stepped up his

China’sJ-10C fighter jets to boost Pak defence

Senior officials in Islamabad said the jets would be delivered