The Federal Board of Revenue (FBR) has sealed the corporate offices and five retail outlets of Western clothing brand Sowears in Karachi following allegations of tax evasion exceeding Rs. 100 million.
According to reports, the company failed to integrate its Point of Sale (PoS) system with the FBR’s centralized network since 2018, allegedly enabling the concealment of taxable income. This non-compliance has reportedly resulted in significant revenue losses for the national exchequer.
The sealed retail locations include Sowears branches in Lucky One Mall, Dolmen Mall, Ocean Mall, Hyderi Market, and Saima Mall across Karachi.
Tax authorities allege that Sowears was engaged in undeclared international business activities in the UAE and the USA, conducted through courier services that were not disclosed in domestic income tax returns. The FBR also suspects the company of using illegal bank accounts and shell companies to evade taxes.