Federal Board of Revenue Prohibits Field Inspections for Small Shopkeepers Under New Fixed Tax Registration Scheme
The FBR has barred Inland Revenue officers from entering small retail outlets that register under a new simplified one percent turnover tax scheme.
Pakistan’s Retail Tax Gap Deepens as Informal Market Undercuts Formal FMCG Businesses
Pakistan’s undocumented retail market continues to challenge formal businesses as weak tax enforcement and widespread GST evasion distort competition. Industry observers are now pushing for expanded upfront tax collection mechanisms to improve transparency, strengthen compliance and reduce leakages across the FMCG value chain.
Rising Inflation and Diminished Purchasing Power Dampen Pakistan Eid Shopping Spirit
High prices and economic constraints lead to a 50 percent dip in Eid sales across Pakistan as consumers prioritize food over festive apparel and luxury goods.