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

Read: RDA tax collection reached PKR 2 billion in FY-22

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.

Read: FBR shares latest figures on no. of filers, tax revenue

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.

For more updates, stay tuned to Sky Marketing News!

 

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