Our Correspondent
Beijing
Chinese anti-counterfeiting technology helps Pakistan combat illicit trade, according to a report published by China Economic Net (CEN).
Pakistani enterprises of diverse industries exhibited their products at the ongoing 3rd China International Import Expo in Shanghai.
Among all the exhibits, a small anti-counterfeiting mark unfolds how close the Pak-Sino economic ties are. In Pakistan, tobacco use contributes to a significant number of early deaths, high healthcare costs and lost productivity. Increasing the unit price on tobacco products through taxes is the most effective tobacco prevention and control measure.
However, illicit tobacco trade undermines high prices by providing tobacco users with cheaper-priced alternatives. Therefore, applying tax stamps to tobacco products, which provides documentation that taxes have been paid, is an important tool to combat illicit trade.
The ‘Tax Paid’ stamps now affixed to Pakistan’s tobacco products uses the latest Chinese technology. Pakistan’s Maalik Creative Engineers (Pvt.) Ltd has established cooperation with China’s ASY Group to bring the world leading anti-counterfeiting technologies to Pakistan to support the country more effectively fight illicit trade.
