FBR announces prize scheme for customers buying products from POS-linked retailers
Prizes worth millions of rupees would be distributed under the scheme after a balloting process


KARACHI: Federal Board of Revenue (FBR) has announced a prize scheme for customers buying products from retailers linked with the point of sale (POS) machines.
According to the FBR spokesman, prizes worth millions of rupees would be distributed under the scheme after a balloting process. The FBR also said that the prizes worth of millions rupees would be given through lottery every month. The first phase of which would be held on January 15 at the FBR headquarters.
The FBR spokesman said that the first prize on POS would be one million rupees, two prizes of Rs0.5 million and four prizes will be included Rs 0.2 million. While one thousand prizes worth of 50,000 will also be given. The FBR will allocate 53 million per month for prize scheme.
“This balloting process will include customers who will buy products from POS-linked retailers in December 2021,” the spokesman said, adding that they would be launching an advertising campaign to guide the general public.
The FBR had begun implementation on the point of sales (POS) system by the end of July, bringing retailers into the tax net.
According to the FBR, a mechanical system would be introduced for tax collection from retail shops, shopping malls, and departmental stores.
“We will complete the survey of tiles and sanitary market in Gulbahar during the ongoing month and will begin tax collection through the mechanism by July end,” Commissioner FBR Kazi Afzal said and added that a 200 percent increase in point of sales is expected in the ongoing month.
He said that point of sales will increase to 150 by July 31. The commissioner further said that some reservations have been shared by the tiles association, however, they would be resolved after talks.

Pakistan vows full force against terrorism in recent security meeting
- 6 minutes ago
KP govt allocates Rs5.5bn for police counter-terrorism equipment
- 4 hours ago

Eid u-Fitr holidays announced in UAE
- 5 hours ago
Jaffar Express resumes operations after terrorist attack
- 3 hours ago

Saudi authorities arrest 50 people, including 11 women, for prostitution charges
- 3 hours ago

Mustafa Amir murder case: Father and son clash in court during case hearing
- an hour ago

Dollar surges as forex markets struggle amid IMF delays, economic pressures
- 26 minutes ago

Bangladesh’s 2025 tour of Pakistan confirmed for white-ball series
- 3 hours ago
Gold prices hit historic highs amid global economic concerns
- 3 hours ago

Nagpur riots: Hindu extremist group demands destruction of Aurangzeb's tomb
- 3 hours ago

JI chief offers help for Afghanistan talks, slams govt’s approach to national security
- 3 hours ago

SBP clarifies regarding issuance of new currency notes on Eid
- 4 hours ago