FBR Moves Consumer Goods to Third Schedule to Curb Tax Evasion
The Federal Board of Revenue plans to bring 20 consumer goods categories under the Third Schedule of the Sales Tax Act to secure billions in revenue.
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.