Even more shocking, out of these registered jewellers, just 10,524 have filed their tax returns. Sources reveal that most jewellers are hiding their actual income by underreporting earnings to avoid taxes.

According to reports, the department has indicated a strong move against those involved in tax evasion. In the first phase, a list of 900 jewellers has been prepared, including traders from Lahore, Rawalpindi, Faisalabad, and Multan.

Notices are being sent, asking why sales worth millions are being declared with such low tax payments. Officials explained that the returns filed do not match the lavish lifestyle, sales volume, and property ownership of many jewellers.

Sources further claim that thousands of jewellers are still not included in the tax net at all. FBR authorities have clarified that the entire jewellery sector will be brought under the tax system. They also assured that no trader or industrialist will receive unnecessary notices.

FBR insists that if every citizen pays their fair share honestly, the country’s economy can be strengthened and moved forward.

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This crackdown shows how deeply tax evasion is rooted in Pakistan’s jewellery sector. Huge profits are being made, but taxes are either hidden or avoided. FBR’s move may bring more transparency, but jewellers fear heavy penalties. If the policy is applied honestly, it can not only generate billions in revenue but also create fairness in the system.