FBR Tightens Grip on Jewellers, Collects Data on Over 57,000 Nationwide

Islamabad: The Federal Board of Revenue (FBR) has intensified its efforts to combat tax evasion by targeting the jewellery sector, gathering data on more than 57,000 jewellers across the country, according to official sources.

As part of a broader crackdown, FBR has collected information on 800 jewellers from key cities including Multan, Lahore, Faisalabad, and Rawalpindi. Officials revealed that a significant number of jewellers are still operating outside the tax net, raising concerns over widespread underreporting of income within the sector.

Sources within the FBR stated that many jewellers have been declaring lower incomes than they actually earn, thereby evading due taxes. However, officials assured that no business or industry will be issued notices without proper justification, in an effort to maintain fairness during enforcement.

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The FBR emphasized that its goal is to bring all economic sectors under the tax umbrella, ensuring transparency and improved revenue generation. Authorities believe that if every citizen pays taxes honestly, the national financial system can function far more effectively.

This latest move reflects the FBR’s growing commitment to broadening the tax base and reducing leakages in high-value sectors like gold and jewellery, which have traditionally remained underregulated.