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

Sri Lanka loses Rs 6,000m due to import of foreign liquor

byCT Report
02/08/2016
in Latest News
Share on FacebookShare on Twitter

COLOMBO: Sri Lanka loses a whopping Rs. 6,000 million to its government coffers due to the importation of foreign liquor through illegal means, sources said.

The government is denied a considerable slice of funds which it could use for development. The Special Narcotic Raids Unit established under the purview of the Finance Ministry has been able to round up several racketeers in the business, they said. A Special Narcotic Raids Unit was set up following a proposal by Finance Minister Ravi Karunanayake to totally control smuggling of narcotics and foreign liquor. It was also revealed that the law had not been implemented against such racketeers during the past regime.

You might also like

“Young entrepreneurs can reshape Pakistan’s economic future”

17/10/2026

NBP inks MoU with PowerChina arm for green financing collaboration

17/10/2026

A raid on Sunday to apprehend a large stock of illegal foreign liquor from Dematagoda was also made possible following investigations carried out for a long period. The Special Task Force on a tip-off received by the Finance Ministry Special Narcotic Raids Unit, conducted the raid where 950 bottles of smuggled foreign liquor were discovered.

One suspect was arrested in this connection. Excise Department officials are conducting further investigations. Finance Ministry Special Narcotic Raids Unit Head Wing Commander Ravi Jayasinghe said he suspects the racket of importing foreign liquor through illegal means might have been carried out for a long period. He said this contraband is the largest stock of foreign liquor local authorities have ever seized in the recent past.

The Special Narcotic Raids Unit, since it was established recently, has been receiving a number of tip-offs with regard to similar rackets.

Related Stories

“Young entrepreneurs can reshape Pakistan’s economic future”

byCT Report
17/10/2026

ISLAMABAD: The president of the Islamabad Chamber of Commerce and Industry has called for turning Pakistan's youth into a driver...

NBP inks MoU with PowerChina arm for green financing collaboration

byCT Report
17/10/2026

LAHORE: National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage (Shanghai) Technology Co....

FBR implements faceless tax audit and assessment system from October 15

byCT Report
17/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a new framework for conducting tax audits, assessments and related proceedings...

Pakistan explores new funding options with three UAE Banks to ease debt pressure

byCT Report
17/10/2026

ISLAMABAD: Finance Minister Muhammad Aurangzeb held separate meetings with delegations from Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Ajman...

Next Post

Sri Lankan economy faces debt problems

  • 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.