Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Finance ministry still calculating volume of smuggled Iranian oil

byCustoms Today Report
04/09/2015
in Latest News
Share on FacebookShare on Twitter

TEHRAN: The Finance Ministry has expressed helplessness in giving precise market size of smuggled Iranian Oil and the economic losses suffered there-from on account of numerous reasons. A well placed source at Finance Ministry told Pakistan Observe here on Wednesday that the Finance Ministry has named two main reasons in this regard; the nature of smuggling and lack of verifiable data for this illicit trade.

However the Pakistan Customs seized total 9,062,946 liters smuggled oil worth of Rs 619.246 million in 2014-15. Similarly, Customs arrested 113 smugglers, seized 393 oil tankers, lodged 52 FIRs and demolished 252 petrol pumps for stocking and selling smuggled Iranian oil. So far 5 cases have been prosecuted wherein, for the first time, in cases other than narcotics, imprisonment sentences (4-years) were awarded to the smugglers. All the challans have been deposited and other cases are being vigorously pursued

You might also like

Iranian CG, Saigol inaugurate Wall of Iqbal at LCCI

23/09/2026

Chairman FBR meets delegation of tax bar association at LTO Lahore

23/09/2026

Moreover, the source said that Finance Ministry had also another excuse that Pak-Iran border was stretched over 730 KMs (Approx) from Qilla Rabat in the North to Jiwani in the South. Out, of 730 KMs, half of the border falls in the Jurisdiction of Gawadar Collectorate, whereas the remaining border falls in the jurisdiction of Model Customs Collectorate, Quetta.

‘Though there is no exact data to depict the actual economic loss caused from the smuggled Iranian Oil but the quantum of seizure is an indication of the scale of the menace of smuggling” the source said adding that Government took numerous measures to check smuggling of Iranian Oil including establishment of new check posts at Surab, Rakhni, Sheela Bagh, Gwadar-Pasni Road, Gwadar Zero-Point, Khari and Lak in Balochistan as well as at RCD Highway at Moachko, Super Highway near Toll Plaza and National Highway near Ghaggar Phatak, Karachi in Sindh province.

Related Stories

Iranian CG, Saigol inaugurate Wall of Iqbal at LCCI

byCT Report
23/09/2026

LAHORE: Iranian Consul General Mehran Movahedfar and Lahore Chamber of Commerce and Industry (LCCI) President Faheem Ur Rehman Saigol jointly...

Chairman FBR meets delegation of tax bar association at LTO Lahore

byCT Report
23/09/2026

LAHORE: As part of the initiative undertaken in line with the directives of the Prime Minister, Chairman Federal Board of...

Govt digitizes civil servants’ asset declarations via new FBR Portal

byCT Report
23/09/2026

ISLAMABAD: The federal government recently issued a memorandum to digitize income and asset declarations for senior civil servants. Officers in...

Finance minister advances energy, aviation, healthcare, climate goals at UNGA

byCT Report
23/09/2026

UNITED NATIONS: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held high-level meetings on the sidelines of the 81st...

Next Post

Spanish trade delegation to arrive Iran on Sept 6

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.