UNDERINVOICING OF IMPORTS IN PAKISTAN.

The article examines the issue of underinvoicing of imports in Pakistan. It describes the system of import control in Pakistan from 1965 to 1968. The technique used to establish the existence of underinvoicing of imports is presented. The article also discusses the relationship between underinvoicing of imports and the import control policies followed by the government during that period. The study provides evidence that underinvoicing of imports in Pakistan existed during the period.