Pakistan, July 15 -- The Federal Board of Revenue (FBR) Lahore has launched a major crackdown on traders and industrialists underpaying taxes. Officials said the action comes after collecting data on individuals living in grand homes but paying minimal taxes. These people include influential businessmen, market leaders, and former office-bearers of trade bodies. FBR has decided to issue notices to those whose lifestyles do not match their declared incomes.

According to sources, many traders and industrialists live in luxury bungalows and mansions but still pay very little tax. Their lavish lifestyles include expensive cars, foreign trips, and big properties. However, their tax records show much lower incomes. This mismatch has raised ser...