Govt launches scheme to bring small shop owners into tax net

The Pakistani government introduced the 'Fixed Tax Asaan Scheme' to simplify tax compliance for small traders with annual turnover up to Rs200 million. The scheme allows a 1% tax rate via a simple form, offers exemptions from audits and POS requirements, and imposes fines on non-participants. It replaces the failed Tajir Dost Scheme and includes optional participation for traders.