The Federal Board of Revenue (FBR) has intensified its crackdown on tax evasion, targeting wealthy fintech executives and social media influencers whose lavish lifestyles contrast sharply with their declared incomes.
According to officials, the FBR’s Lifestyle Monitoring Cell has identified multiple individuals showcasing luxury cars, designer brands, and international trips online while reporting low taxable income. These cases have now been forwarded to regional tax offices for formal investigation.
One major case involves a Lahore-based fintech executive who, according to FBR data, owns 30 luxury vehicles worth Rs. 2.74 billion ($9.8 million). The fleet includes a Lamborghini Aventador and a Rolls Royce Phantom. None of these assets were disclosed in his tax filings.
The FBR found that the value of these vehicles alone is almost 1,000 times higher than the assets the executive declared in 2019. Records show that he revised his tax returns multiple times — from declaring just Rs. 523,493 in 2019 to Rs. 181.14 million in 2025 — raising concerns over undeclared wealth. Although he has now deactivated his social media accounts, the agency says it already possesses sufficient evidence for action.
The investigation also extends to travel influencers and content creators. Some individuals have traveled to more than 25 countries between 2021 and 2025 while declaring annual incomes as low as Rs. 442,000. Another influencer from Islamabad, known for luxury jewelry and designer handbags, reported an income of only Rs. 3.5 million in 2022.
The crackdown comes as Pakistan’s tax authority faces increasing pressure to meet an ambitious annual revenue target of Rs. 14.13 trillion. In the first four months of the current fiscal year, the FBR recorded a revenue shortfall of Rs. 274 billion.
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Officials said regional tax offices have been directed to take swift legal action against individuals suspected of concealing income and underreporting assets.
