FBR Commits to IMF on Crackdown Against Tax Evasion in Key Sectors

The Federal Board of Revenue (FBR) has assured the IMF it will target tax evasion in Pakistan’s retail, real estate, and corporate sectors by identifying high-risk taxpayers through audits. According to the IMF’s latest EFF review report, the government will increase the number of auditors, use CRM tools, and expand mass notifications to improve tax compliance.

READ MORE: Pakistan Startup Funding Plummets 70% in 2024, But Tech Exports Surge

Efforts also include expanding the Point-of-Sale (POS) system for retailers and monitoring irregular import patterns. To curb tobacco-related tax evasion, the government plans to audit acetate tow imports, restrict them to registered firms, and ban transit shipments to Afghanistan. It will also enhance the track-and-trace system and boost anti-smuggling efforts, especially in the northwest.

Vivo Y56 5G Launched: A Game-Changer in the Mid-Range Smartphone Market
Vivo Y56 5G Launched: A Game-Changer in the Mid-Range Smartphone MarketMobile

Vivo Y56 5G Launched: A Game-Changer in the Mid-Range Smartphone Market

M. Hadi KhanM. Hadi KhanFebruary 26, 2025
Eid-ul-Adha Holidays
Balochistan Revises Eid-ul-Adha Holidays for 2025Latest News

Balochistan Revises Eid-ul-Adha Holidays for 2025

Zanbia MehboobZanbia MehboobJune 4, 2025
J-35A
Pakistan to Acquire Chinese J-35A Stealth Fighter Jets — A New Chapter in Defense CooperationLatest News

Pakistan to Acquire Chinese J-35A Stealth Fighter Jets — A New Chapter in Defense Cooperation

Wafa ZahraWafa ZahraMay 22, 2025

Leave a Reply