Punjab Revenue Authority Registers 35,000 New Businesses in Tax Net

The Punjab Revenue Authority (PRA) has registered 35,000 new businesses across the province within the tax net over the past year, according to the Associated Press of Pakistan.

The milestone was announced during a review meeting on business registration and tax-net expansion targets, chaired by PRA Chairman Moazzam Iqbal Sipra in Lahore. The meeting assessed progress on the province's efforts to broaden its tax base by bringing more businesses into formal registration.

Ongoing Tax-Net Expansion Efforts

Provincial revenue authorities in Pakistan have periodically pursued campaigns to increase business registration as a means of boosting tax revenue and formalizing economic activity. The PRA is responsible for collecting sales tax on services in Punjab province.

The report did not provide a breakdown of the newly registered businesses by sector or region, nor did it specify additional targets set for the coming year. It also did not include details on the total revenue impact expected from the expanded registration.

Further details on the PRA's broader tax-net expansion strategy were not immediately available.