Pakistan’s Federal Board of Revenue (FBR) has launched action against jewelers accused of tax evasion, gathering data on more than 60,000 businesses across the country.
According to officials, only 21,000 jewelers are registered with the FBR, and just 10,524 have filed tax returns, despite evidence suggesting far higher income levels. In the first phase, lists of jewelers from Lahore, Rawalpindi, Faisalabad, and Multan have been prepared, with 900 traders already served notices. Authorities say many jewelers underreport income, while thousands…
According to officials, only 21,000 jewelers are registered with the FBR, and just 10,524 have filed tax returns, despite evidence suggesting far higher income levels.
In the first phase, lists of jewelers from Lahore, Rawalpindi, Faisalabad, and Multan have been prepared, with 900 traders already served notices. Authorities say many jewelers underreport income, while thousands remain outside the tax net entirely.
The FBR emphasized that all economic sectors must be brought into the tax system: “No trader or industrialist will be targeted without cause, but every individual must pay their fair share for the country to progress.”
