January 4, 2023 — Within one year from the initial implementation of the new Track and Trace System for the Pakistan tobacco industry, tax revenue collections have soared 26% (an increase of Rs21 billion) in the first half of the fiscal year period. Authentix, under license from the Federal Board of Revenue of Pakistan, initially implemented the digital Track and Trace System for the tobacco industry in July 2021. This success in tobacco revenue collections comes after a 33% increase in tax revenue collections from the sugar industry in 2022 following the implementation of the sugar industry’s Track and Trace System in October 2021.
Authentix remains poised to continue the planned expansion and full implementation of the Track and Trace system for Pakistan’s tobacco and cement industries in 2023.
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