Tariq Mehmood appointed as Customs Intelligence convener

In a significant development, Tariq Mehmood, the Senior Vice Chairman of the Oil Marketing Association of Pakistan (OMAP), has been appointed as the convener of Customs Intelligence by the Regional Chairman Punjab of the Federation of Pakistan Chamber of Commerce and Industry. This appointment is a notable honor and is expected to play a crucial role in combating the rampant smuggling of goods that has been adversely affecting government revenues.

The appointment of Tariq Mehmood comes at a time when the smuggling of goods, including petroleum products, has been causing substantial losses to the government in terms of revenue from petroleum levy, income tax, and withholding taxes. This illicit trade not only impacts the financial health of the government but also leads to job losses and increased unemployment rates, particularly among the youth.

Tariq Mehmood expressed his commitment to working closely with Pakistan Customs and the Federal Board of Revenue (FBR) to tackle the challenges posed by smuggling. He emphasized the need for collaboration to address the issues faced by refineries, such as high levels of unsold stocks, inflated inventory levels, and rising production costs.

The appointment of Tariq Mehmood as the convener of Customs Intelligence is a positive step towards curbing smuggling activities and ensuring compliance with regulations, ultimately contributing to the economic stability of Pakistan.