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LAHORE: Despite action taken by the government to curb smuggling, smuggled tyres of all sizes are now again ...

Tyres coming through illicit channels costing exchequer over Rs70bn, makers say

Tyre dealers call for intervention to protect consumers, boost local industry growth

Govt loses billions on tyre import Business April 30, 2021 KARACHI: The under-invoicing of tyres is causing the government a loss of billions of rupees annually, a statement said on Thursday. The unrealistic import trade price along with large-scale smuggling are the biggest obstacles to investment in the local tyre industry, it added. Industry sources said the annual consumption of tyres in Pakistan is 10 million, of which 20 percent consumption is met by locally-manufactured tyres, while 15 percent of tyres are imported. The remaining 65 percent of the demand is met by smuggled tyres. Chi...

Efforts to curb tyre smuggling bear fruit Pandemic, higher import duty, rupee depreciation push up tyre prices Nasser stressed the need to increase tyre manufacturing units if the government wanted the end-consumers to truly benefit. PHOTO: REUTERS LAHORE: Efforts of the government to curb smuggling via Afghan border have helped put the four-wheeler tyre manufacturers on a positive track. Nevertheless, developments in the past one year - Covid-19 outbreak, higher import duty structures coupled with increase in US dollar rate and better surveillance on the border to check smuggling - have led...