May 8, 2024 4:46 PM

Illicit trade costs Pakistan over PKR 700 bn annually: Report

A report released by a prominent international research organisation reveals that Pakistan faces an enormous annual loss exceeding PKR 700 billion due to illicit trade activities, as reported by ARY News. The report, unveiled on Monday by Geoffrey Hardy, Director General of Trace It, in collaboration with the economic research firm Prime, highlights the profound impact of undocumented and illegal trade practices on Pakistan's struggling economy. According to the findings, a whopping 40 percent...