Mafias are bleeding Pakistani economy

Smuggling, tax evasion, drug trade, illegal currency business and misuse of Afghan transit trade showed mafias are bleeding the economy of the country.

The report on the economy of pakistan submitted to the government by the intelligence bureau of the country also highlights what the agency is doing to check the economic terrorism threatening Pakistan, reports The News International.

According to the report, just the illegal supply of Iranian POL products alone causes an annual loss of at least Rs225 billion to the national exchequer. Smuggled Iranian oil is usually sold at illegal roadside petrol outlets but has now even found its way to regular petrol pumps across the country, the Pakistani newspaper reported.

Exhaustive anti-smuggling efforts by IB, says the report, resulted in the identification of 76 transporters and 29 smugglers and facilitators who were involved in the smuggling of Iranian oil.

As per the report, 995 illegal and unlicensed petrol pumps across the country were also identified for being involved in the sale and purchase of smuggled Iranian oil.