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Cost of smuggling bears heavy on Country’s economic stability: PM Imran Khan

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ISLAMABAD, Pakistan: Prime Minister Imran Khan has said that heavy damage is inflicted on the economy of the Country due to the smuggling of food commodities due to price differential.

While chairing a high-level meeting to review anti-smuggling and anti-money-laundering measures in Islamabad on Wednesday, the prime minister said that smuggling creates an artificial shortage of commodities and ultimately results in price hike.

The prime minister directed that all stakeholders should undertake emergency measures and bring-out-of-the-box solutions to control the smuggling of essential commodities.

Imran Khan emphasized that the objective is to provide relief to the common man against price hike.

The meeting was informed that the Federal Investigation Agency (FIA) has undertaken extensive investigations against illegal money laundering and holding of US dollars.

It was apprised that manpower is being increased at border crossings to check goods and to ensure that each load is recorded for tracking purposes.

The meeting was briefed that significant success has been achieved to control illegal petrol smuggling and operations against hoarders.

The meeting was attended by Federal Ministers Sheikh Rashid Ahmed, Muhammad Hammad Azhar, Makhdoom Khusro Bakhtiar, Syed Fakhar Imam, Asad Umar, Advisor Finance Shaukat Fayaz Tarin, Advisor Commerce Abdul Razaq Dawood, SAPM Dr. Shahbaz Gill, Governor State Bank, Chairman FBR, senior civil and military officers.

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