Retailers’ Tax Scheme to continue beyond 2026: Muhammad Aurangzeb
MG News | October 10, 2026 at 01:04 AM GMT+05:00
October 10, 2026 (MLN): The Retailers’ Tax Scheme is intended to run beyond 2026 as a long-term, simplified route for small retailers to enter and stay within the formal tax system, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said.
He said the scheme should not be seen as a one-year
arrangement. He was chairing a meeting at the Finance Division to review
progress on the scheme and discuss measures to facilitate registration and
broaden the tax base.
The Minister of State for Finance, the Chairman Federal
Board of Revenue (FBR) and senior FBR officials attended.
Senator Muhammad Aurangzeb said the government is working to
simplify tax procedures and make it easier for retailers to meet their tax
obligations. He said the scheme gives retailers a simplified way to join the
formal tax system and contribute to economic development.
The meeting reviewed progress on registrations and tax
returns, including participation by existing taxpayers and the requirements for
tax payments. It also looked at filing procedures, deadlines and related
operational matters.
The Finance Minister stressed the need to assess
implementation experience and resolve operational issues to make the scheme a
success.
The meeting also discussed identifying and mapping
unregistered retailers using available data and identification records. The FBR
briefed the meeting on data validation and the need to ensure that registration
records accurately reflect the businesses concerned.
Senator Muhammad Aurangzeb called for a balanced approach
that combines taxpayer facilitation with a targeted and well-documented
process.
The meeting reaffirmed the importance of making tax
compliance simpler and more accessible for small retailers while progressively
documenting economic activity and broadening the tax base. The Finance Minister
said sustained progress would require effective facilitation and a consistent
approach.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 167,089.28 109.91M | -0.21% -352.63 |
| ALLSHR | 101,117.40 308.32M | -0.15% -155.10 |
| KSE30 | 49,841.71 50.59M | -0.28% -142.15 |
| KMI30 | 240,372.43 78.75M | -0.02% -45.72 |
| KMIALLSHR | 65,518.16 188.07M | -0.05% -35.70 |
| BKTi | 46,228.77 7.60M | -0.60% -281.04 |
| OGTi | 33,974.66 4.20M | -0.27% -91.31 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 82,660.00 | 83,705.00 81,750.00 | 710.00 0.87% |
| BRENT CRUDE | 104.40 | 105.09 102.33 | 0.12 0.12% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | 0.75 0.59% |
| ROTTERDAM COAL MONTHLY | 143.40 | 143.40 143.40 | -1.15 -0.80% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.61 | 92.17 90.01 | 0.12 0.13% |
| SUGAR #11 WORLD | 20.27 | 20.44 20.09 | 0.12 0.60% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
PIB Auction