Tuesday, February 27, 2024

PM Imran Khan will inaugurate track-and-trace system to combat tax evasion in the retail sector

On November 23, Prime Minister Imran Khan will launch a track and trace system for electronic monitoring of tobacco, fertiliser, sugar, and cement manufacturing in Pakistan.

The electronic monitoring that is part of the track and trace system will continue until the goods are delivered to the customers. The new approach, according to the announcement, will enhance revenue and combat tax evasion.

The track and trace system has already been established in the tobacco industry, according to the report, while the electronic monitoring system will be spread to other industries after the tobacco and sugar industries.

It will allow for the monitoring of all commodities from the designated sectors, and the system will be implemented in the petroleum and beverage industries in the coming phases.

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