Pakistan's Annual turnover of retail sector is Rs.20 trillion
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ISLAMABAD (JTN) Pakistan’s Annual turnover of retail

FBR’s reward scheme, purchases on receipts of 260,000 customers in

a month, 38 million invoices were deducted in February while 37

million invoices were deducted in January, 3600 retailers registered

with the reward scheme, Lottery, prizes of over Rs. The Point of Sale

Reward Scheme, launched to expand, is yielding good results with

public participation.

=17,000 outlets are fully registered with over 19,500 cash counters

According to the latest official figures, about 2,60,833 customers

made purchases from outlets connected to the Rewards Scheme in

February, up from 153,000 in January. A total of 37 million invoices

were deducted in February and 38 million in January. The number of

customers increased from 27,000 in January to about 39,000 in

February who successfully verified their receipts. So far, 3,600 of the

approximately 4,200 retailers have already integrated their business

operations with the rewards scheme. Their 17,000 outlets are fully

registered with over 19,500 cash counters.

=The FBR successfully held the third lucky draw

The FBR continued its monthly computer ballot for its prize scheme

and successfully held the third lucky draw at its headquarters in

Islamabad on Tuesday, March 15. In addition to the 1,007 lucky

winners of the Rs. Another 10 individuals won prizes of Rs. 100,000

sponsored by Metro Stores Pakistan. It is continuing its campaign

the economy can be documented and also revenue leakage can be

prevented. The annual turnover of the retail sector in Pakistan is

around Rs. 20 trillion but the FBR gets only 20% tax for tax

compliance.

=The rewards scheme was launched taxes collection from customers

The rewards scheme was launched to digitally monitor the sales of

retailers across Pakistan to ensure that the taxes collected from

customers are safely deposited in the exchequer. The FBR has

already distributed prizes of Rs 106 million to 2,014 lucky winners in

two computerized ballots held transparently on January 15 and

February 2022. More than half of the lucky winners have already

received the prize money in their bank accounts. I have moved.

People are showing keen interest in being a part of this

computerized lottery. Speaking to Wealth Pak,

=Creating awareness among the people to ask for real receipts

FBR spokesman Asad Tahir Japa said that there are two major

objectives of the prize scheme. Second, make sure that the tax

collected from consumers on the POS system. “The smooth

implementation of this initiative will significantly improve the

revenue collection for the country,” he said. And they pay sales tax

worth millions of rupees daily to retailers. We are creating awareness

among the people to check their submitted taxes and ask for real

receipts with active bar codes and invoice numbers. To participate in

the Rewards Scheme, you have to scan the bar code through the Tax

Easy Mobile Application.

=Total prize money of Rs. 53 million per month distributed among 1,007 lucky winners

We have already launched a media campaign at national and social

media level to guide consumers about this system Our Regional Tax

Offices are working with the public, businesses, chambers of

commerce and all stakeholders to assist them. The prizes worth Rs.

10,00,000. The first prize is Rs. Four prizes and 1,000 prizes of Rs.

50,000. Thus, a total prize money of Rs. 53 million

distributed among 1,007 lucky winners per month.

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Pakistan’s Annual turnover of retail , Pakistan’s Annual turnover of retail

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