FBR Launches Nationwide Crackdown on Tax Evasion in Jewelry Business

Islamabad – The Federal Board of Revenue (FBR) has launched a nationwide crackdown on jewelers involved in large-scale tax evasion, targeting those outside the tax net and underreporting their earnings.

According to FBR officials, notices have already been issued to jewelers in Islamabad, Rawalpindi, Faisalabad, and Multan. Data shows that out of 57,000 jewelers across the country, only 20,000 are registered with the tax authority, and just 10,000 of them have filed tax returns.

Officials revealed that in one market of the federal capital alone, at least 50 jewelers’ declared incomes do not match their businesses, sales volumes, and lifestyles. Thousands of jewelers nationwide are still operating outside the tax net, prompting authorities to demand explanations through official notices.

The FBR clarified that no notices will be issued unnecessarily, but strict action will be taken against tax evaders.

Officials further stressed that if every citizen pays their fair share of taxes, Pakistan’s economy can run more effectively. The ultimate goal, they said, is to bring all sectors into the tax net and eliminate tax evasion completely.