The Federal Board of Revenue (FBR), aligning with IMF requirements, unveils a detailed strategy to boost tax revenue and formalize the economy. This initiative aims to integrate around 3.5 million traders into the tax system, utilizing monthly electricity bills for tax collection. Rather than imposing taxes directly on shop owners, taxes will be based on the income of individuals conducting business at these locations. The plan proposes adding a dedicated column in electricity bills for traders to facilitate monthly tax collection. Additionally, it suggests dividing traders’ annual income into 12 installments for streamlined tax collection. However, implementation hinges on government approval, with FBR awaiting the green light. IMF has been briefed on the plan, with expectations of substantial revenue enhancement and economic formalization. This scheme underscores FBR’s commitment to addressing IMF directives and bolstering tax revenue while fos tering economic documentation in Pakistan.