The importer of MG cars into Pakistan has denied allegations of trade-based money laundering (TBML) as his company seeks to establish a market position in Pakistan. Originally one of Britain’s leading car marques and now ultimately owned by Chinese state-owned automotive giant… Read More ›
Pakistan
Comprehensive strategy for under-invoicing needed in Pakistan
Under-invoicing of imported goods is a huge challenge to Pakistan’s economy that requires serious attention and a comprehensive strategy, according to senator Mirza Muhammad Afridi. Chairing a meeting of the senate standing committee on commerce and textiles, Afridi said that… Read More ›
Calls for Pakistan’s FBR to clampdown on trade-based financial crime
Business leaders in Pakistan are calling for the Federal Board of Revenue (FBR) to seriously address a wide range of trade-based financial crimes. Pakistan Ships Agents Association and former vice president of the Federation of Pakistan Chambers of Commerce and… Read More ›
Pakistan’s FMCG traders call on government to clamp down on under-invoicing
Pakistan’s fast-moving consumer goods (FMCG) traders are calling on their government to get tough on forms of trade-based financial crime, in particular under-invoicing. The FMCG Importers Association (PFIA) in particular wants the new government led by Imran Khan to end… Read More ›