POS Prize Scheme: FBR announce winners’ names

The Federal Board of Revenue (FBR) distributed Rs53 million to 1,007 winners under its Point of Sale Prize Scheme on Saturday.

The names of winners were announced via a computerized draw, and in this regard, FBR organized a ceremony to announce the names of lucky winners, attended by the Chairman of FBR Muhammad Ashfaq Ahmad and other senior FBR officials.

Among the prizes, the first prize was worth Rs 1 million, two second prizes of Rs 500,000, four prizes of Rs250,000, and 1,000 prizes of Rs50,000, which were announced through a lucky draw.

In this context, it is worth noting that FBR had launched a prize scheme for shoppers from POS-integrated tier 1 retail outlets and announced that thousands of prizes worth tens of thousands of rupees would be distributed among the shoppers who choose to shop at POS-integrated outlets.

The said prize scheme was introduced by the Finance Act-2021, which was followed by the FBR issuing rules for the prize scheme on August 9, 2021, with computerized ballots being held on the 15th of every month for its implementation.

FBR anticipated a substantial increase in revenue with this innovative initiative, as it will reduce tax evasion and minimize concealment of sales by retailers.

Customers could participate in the scheme by verifying receipts of purchases using the Tax Asaan App of FBR or by sending an SMS with the invoice number to 9966.

According to the draw, Tanveer Ahmad won the first prize of Rs one million,whereas Farhan Akram and Aftab Ahmed won the second prize of Rs500,000 respectively. The 4 prizes comprising Rs250,000 were won by Farhan Ahmad, Hameedullah,Ghulam Ahmad, and Faheem Khalid respectively.

Speaking at the occasion Chairman FBR Muhammad Ashfaq Ahmad said that the government was determined to promote tax compliance culture in the country with the automation and simplification of tax systems and introducing innovative means to fulfill the social obligations.