IMF is concerned about buying and selling of illegal cigarettes

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The International Monetary Fund (IMF) has expressed concern over tax evasion of 80 billion through the illegal sale and purchase of cigarettes.

According to sources, Prime Minister Shehbaz Sharif has directed action against illegal cigarette factories.

Sources say that FBR has been directed to install track and trace system on all cigarette factories soon, FBR Inland Revenue Intelligence teams will conduct raids on illegal cigarette factories.

Sources said that the report of the action against illegal cigarettes will also be sent to the IMF.

Finance Ministry and FBR gave a briefing to the Prime Minister on the sale and purchase of illegal cigarettes.

The FBR will submit a monthly report on the action against illegal cigarettes to the Prime Minister.

More than two dozen cigarette manufacturing companies are still not included in the track and trace system.

Sources say that the IMF has been assured to connect the cigarette companies to the track and trace system soon.

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