In order to stop illegal transactions, SIFC uses track & trace technologies.

Action & Counter illegal Trade Alliance (ACT) has released a paper that expresses concern about Pakistan’s annual loss of trillions of rupees resulting from illegal trade activities such as smuggling and tax fraud. The seriousness of this economic problem has been brought to light by the 17-member Civil Society Group.

The government of Pakistan has taken a number of aggressive measures to combat this issue, working with the SIFC to reduce tax evasion and smuggling.

Using track and trace systems that are targeted at businesses like sugar, fertilizer, tobacco, and cement is one noteworthy move.

By preventing illegal trading inside these industries, these solutions are intended to improve government control.

In order to achieve the main objectives of boosting income, promoting transparency, and inspiring investor trust, the track and trace system will also progressively be expanded to other industries.