Pakistan, June 5 -- The government on Friday launched a new fixed tax scheme to bring small traders into the tax net. The initiative targets businesses with annual sales of up to Rs200 million through simplified compliance. Small shop owners, traders, and tax authorities are expected to be directly affected by the move.

Finance Minister Muhammad Aurangzeb, Minister of State for Finance Bilal Azhar Kiani, and FBR official Hamid Attique Sarwar announced the scheme. Named the Fixed Tax Asaan Scheme, it was developed after consultations with trader associations. Officials said the plan responds to demands for an easier and more practical tax compliance system.

Read more: Govt introduces fixed tax scheme for small traders nationwide

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