‘Efforts underway to streamline real estate, jewellery sectors’

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Federal Board of Revenue (FBR) Chairman Shabbar Zaidi said that there were some areas in the real estate business where an effective evaluation was required.

Talking to a private news channel, he said apart from the real estate sector, the documentation of gems & jewellery industry would also be ensured in the near future.

On a query, he said that tax worth Rs2,080 billion was collected during the last six months of the FY20. “Out of the total, approximately Rs71 billion were collected from five export-oriented sectors.”

He said the government would soon introduce a “Point of Sales” system in restaurants, as 16pc general sales tax was not being transferred to the concerned department.

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