Written by Shahnawaz Akhter KARACHI, May 1, 2026– The Karachi Chamber of Commerce and Industry has backed the monitoring of jewelers’ business transactions by the Federal Board of Revenue, while cautioning against harassment by tax officials. A delegation of jewelers met KCCI office bearers on April 30 to discuss concerns over the tax authority’s move to deploy Inland Revenue officials at shops and workshops to monitor transactions. According to sources familiar with the meeting, the chamber clarified that tax officials are legally empowered to monitor business activities under Section 175 of the Income Tax Ordinance 2001, which grants authorities the power to enter and search premises. However, the Karachi Chamber of Commerce and Industry stressed that it does not support any unlawful conduct by officials, including harassment under the pretext of monitoring. The jewelers’ delegation sought the chamber’s support against the deployment of tax officials, arguing that the exercise has created operational hurdles and raised concerns over privacy for both traders and customers. They said that the presence…