In October 2024, the Federal Board of Revenue added 160 more big merchants to its point of sale (POS) system, increasing the total number of Tier-I stores registered to 9,290, according to Business Recorder.
9,130 retailers were registered with the FBR in the POS system as of September 2024, with the majority of these retailers focusing on transactions from Tier-I venues, which include restaurants and hotels.
676 restaurants and 507 merchants in the leather and textile industries are among the 9,290 big businesses utilizing the POS system, according to statistics compiled by the FBR by October 17, 2024.
Furthermore, 64,000 or so traders have registered with the Tajir Dost Scheme. However, only 575 traders have paid their taxes, totaling less than Rs 1.3 million.
