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.
FBR to Crack Down on Wealthy Individuals Flaunting Lavish Lifestyles on Social Media
FBR to launch audits on wealthy individuals showcasing luxury cars, weddings, and properties on social media, targeting undeclared income and tax evasion in Pakistan.