Heading: FBR Uncovers 190,000 Tax Evaders, Rs 60 Bn at Risk: Aurangzeb - 2024-12-26
Islamabad, December 26, 2024 – Finance Minister Mohammad Aurangzeb revealed on Thursday that the Federal Board of Revenue (FBR) had identified approximately 190,000 individuals who have evaded taxes totaling around Rs 60 billion. This was part of the government’s ongoing efforts to improve tax compliance and expand the tax base through digitization and data analytics. The finance minister detailed that through the use of advanced algorithms to compile consumer data, the FBR had uncovered a group of 190,000 non-filers living high-standard lifestyles, owning luxury vehicles and properties, yet failing to pay taxes. After refining this data, field staff conducted a verification process for the top 5,000-6,000 individuals, confirming tax liabilities amounting to Rs 7 billion. With continued efforts, the FBR projects that this group alone could…
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