The caretaker government has constituted a task force consisting of lawenforcement and intelligence agencies for decisive action against the “goldmafia” and smuggling of precious metals, state-run *Radio Pakistan* reportedon Friday.
A major crackdown has already been initiated against elements involved inillegal activities in the bullion market, it said.
According to details, the task force has prepared lists of those involvedin gold smuggling.
Apart from this, the government has also started work on an emergency basisto bring the gold dealers into the tax net and to computerise buying andselling of the yellow metal.
As reports emerged that law-enforcement personnel were conducting acrackdown against some sections of the market, traders have refrained fromissuing bullion rateslinkinthe last three days.
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The price of 24-carat goldlinkhadclosed at Rs215,000 per tola on Tuesday, September 12, according to ratesshared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA)back then.
The development comes as the caretaker government initiated a large-scalecrackdown against illegal economic activitieslinksuchas smuggling and hoarding. It resorted to take action against all thoseinvolved in speculations in different markets, which resulted in somepositive outcomes.
