Friday, 19 August 2022
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FINANCE

FBR rejected claims of Currency smuggling from Pakistan

The Federal Board of Revenue (FBR) has categorically rejected that dollars are being smuggled from Pakistan across the Pakistan-Afghanistan border.

A press release issued by FBR on Friday states: “FBR has categorically rebutted the unfounded, malicious intent and misleading in content, a propaganda being advanced by some irresponsible elements that there was a huge flight of dollars from Pakistan.”

The FBR has further clarified that previously the bilateral trade between Pakistan and Afghanistan was carried out in US Dollars, but now the same is being conducted in Pakistani Rupees. The FBR, the news release further says, has taken very stringent enforcement measures at the airports to eliminate the possibility of any such unethical practices. It reads: “Pakistan Customs has made it mandatory for all passengers flying out of [the] country to undergo thorough personal scrutiny and 100% declaration of currency through an automated process in order to ward off this nefarious and illegal activity. This leaves [a] little possibility of the subject undesirable practice.”

The FBR has announced that the Chairman FBR and Member (Customs Operations) are likely to visit the Pak-Afghan border to oversee the functioning of the above mechanism on the ground.

It is further reiterated that this transparent and efficient mechanism being adopted at all the airports across Pakistan is facilitating the smooth and easy movement of outbound passengers, thus reducing significantly their time and cost, the press release concludes.

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