According to reliable sources, the caretaker administration prepared for a broad crackdown on the illegal gold trade. As well as the underground network of smugglers. This effort would make use of the resources of intelligence and law enforcement authorities.
The government has included gold dealers in the tax system to reduce unlawful activity and increase transparency. Creating a sophisticated computerized system to track and control the purchasing and selling of precious metals will complement this endeavor.
A focused task force has been put together and mandated to take swift action against the illegal gold trade. Also, against individuals responsible for smuggling operations. Protecting the nation’s and the public’s interests is the dual goal of these strategic actions.
Important to note is the recent reduction in the price of gold, which fell from PKR 236,000 per tola to PKR 214,000 in just two weeks. There have been allegations of merchants stopping the issuance of bullion rates in reaction to the watchful efforts of the authorities to stop unlawful activity.
In addition to upholding the rule of law, the caretaker government’s aggressive approach to combating the illegal gold trade is positioned to assure justice and accountability within the precious metals sector. This action demonstrates the administration’s dedication to stopping illicit activity and promoting openness and compliance.