This refers to the news report ‘FBR mulling options to penalize unregistered traders’ (April 25, 2024). While the imposition of an extra tax of 10 to 15 per cent on unregistered traders appears feasible, it is not likely to succeed unless smuggling is curtailed.
Since most of our traders are unregistered, they will simply buy from smugglers. There are many markets in Pakistan where smuggled items are sold. It would be more beneficial for the country if such shops are raided and the seized goods are auctioned off.
Shakir Lakhani
Karachi
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