FBR Seals Saeed Book Bank Over Alleged Tax Evasion

The Federal Board of Revenue (FBR) sealed Saeed Book Bank on Tuesday, one of Islamabad’s most iconic and biggest bookstores, over allegations of tax evasion. The action was taken by Deputy Commissioner RTO Islamabad, Awais Ishaque, citing the store’s failure to integrate its Point of Sales (POS) system with the FBR, a mandatory requirement under tax regulations. The move is part of the FBR’s aggressive nationwide crackdown on businesses accused of bypassing tax compliance measures. Saeed Book Bank, a major establishment in the capital known for its extensive collection of books, is now under investigation for non-compliance with POS integration rules. The FBR has been intensifying efforts to ensure businesses across the country adhere to tax regulations, particularly the integration of POS systems, which allows real-time monitoring of sales and tax collection.