FBR Cracks Down on Jewelers Dodging Taxes Despite Millions in Gold Sales

Islamabad – The Federal Board of Revenue (FBR) has launched strict measures to expand the tax net in Pakistan’s gold trade sector, targeting jewelers allegedly underreporting income while making millions in sales.

According to sources, FBR has gathered data on more than **60,000 jewelers** nationwide, but only **21,000** are registered with the tax authority. Out of these, just **10,524** have filed tax returns. Officials say a majority of jewelers deliberately understate their earnings to evade taxes, which constitutes a clear violation of the law.

As part of the crackdown, FBR has prepared an initial list of **900 jewelers in Punjab**, including those operating in major cities such as Lahore, Rawalpindi, Faisalabad, and Multan. Notices are being issued to unregistered or underpaying jewelers, demanding official explanations for discrepancies.

FBR officials emphasized that the move is part of a broader effort to gradually bring all sectors under the tax net. A spokesperson stated that no unfair treatment will be carried out, but stressed that “if every citizen pays their fair share of taxes honestly, the country can achieve economic strength.”