Karachi, September 27, 2025 – The Federal Board of Revenue (FBR) has announced that strict measures will be initiated against defaulting jewelers after September 30, while temporarily suspending market raids to allow compliance.
The assurance was given during a high-level meeting between FBR Chairman Rashid Mahmood Langrial and a delegation of the All Pakistan Sarafa Gems and Jewelers Association led by President Muhammad Qasim Shikarpuri.
The fifteen-member delegation highlighted long-standing concerns faced by the jewelry sector, following which a four-member committee was established to coordinate with tax authorities and present workable solutions. Shikarpuri welcomed the decision to suspend raids, calling it a step toward dialogue and mutual cooperation.
According to Chairman Langrial, the FBR already possesses detailed data of nearly 35,000 jewelers across Pakistan. He stressed that every member of the trade must file transparent and accurate tax returns. Figures presented during the meeting showed that more than 6,000 jewelers declared zero income, while approximately 14,000 failed to file returns altogether. Furthermore, around 15,000 filed declarations that did not reflect their true earnings.
The Chairman emphasized that after September 30, non-compliant jewelers would face stern action, including penalties and enforcement measures. To bring more structure, the FBR has categorized jewelers into A, B, C, and D groups. Category A shops will display a green plate, while category B shops will carry a yellow plate. The classification of C and D category jewelers will be finalized later.