Pakistan has linked more than 12,800 large retailers to a digital point-of-sale (POS) system as part of reforms tied to International Monetary Fund (IMF) commitments, the Federal Board of Revenue (FBR) said.
The integration brings 12,861 Tier-1 retailers, covering 35,761 branches, into a centralised system that enables real-time sales tracking and tax reporting, expanding documentation of the retail sector.
Retail sector brought into tax net
The FBR said major businesses, including shopping centres, textile and leather outlets, and restaurants, have been connected to the system as part of ongoing efforts to formalise the economy.
The initiative aligns with IMF-backed measures aimed at improving transparency and increasing revenue collection.
Expansion targets and enforcement
Authorities plan to expand the POS network to 40,000 Tier-1 retailers within two years. Retailers with annual turnover above Rs500 million are required to implement digital invoicing by the end of the current fiscal year.
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The FBR said the system enables electronic invoicing and real-time monitoring, while non-compliance may lead to fines ranging from Rs500,000 to Rs3 million or possible business closure.
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