Karachi: Federal Board of Revenue (FBR) has completed preparations for action against tax evaders. According to FBR sources, within few days, final notices will be issued to tax evaders, traders and industrialists, who will also be sent notices. Their assets and extravagant expenditures, do not match their tax data, some traders' tax is only few thousand while their annual income runs into billions.

Sources say that many have purchased multiple plots and are also running businesses outside, sometimes allowed to pay their taxes, they turn their black money white.

Lists of most traders and industrialists have been made, including Akbari, Shah Alam Market, Azam Cloth Market, Anarkali, Liberty Market Road and Gulberg. Ferozepur Road, Model Town and all other plazas are included.

FBR sources said that ten years' data of traders has been collected, which will be presented, in next phase, markets across Punjab are included, including Lahore, Gujranwala, Sialkot, Faisalabad, Multan, Sahiwal and all major cities.

FBR officials said they will neither tolerate any excesses nor will they collect extra taxes, legal demands have been met, government is serious and they have also approached courts, states will be ousted without hesitation.

Published in The Daily National Courier, April, 15 2024

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