RAWALPINDI - Rawalpindi Chamber of Commerce and Industry (RCCI) President Mian Humayun Parvez has urged government to curb smuggling as it was denting the economy.

He said there was a need to monitor the transportation on borders. In Pakistan, he said, the ratio of smuggling goods was high as compared to neighbouring countries. The revenue growth was already facing the dent of 2.5 billion dollar loss yearly due to smuggling, he added. The major items like mobile phones, tyres, diesel, tea, plastic, steel sheets, vehicles, auto parts, cigarettes, garments and electronics (home appliances) are among top smuggled goods. This has put a negative impact on revenues, industrial production, investment and employment generation, he added.

By curbing smuggling, the country can increase its tax-to-GDP ratio by another 3.9 per cent to 15 per cent within a year, he informed. RCCI President said that the government should enhance its measures to monitor cross border trade.