CAP has assured FBR that all Tier-1 retailers would duly and fully integrate their tills/PoS without any exception by November 30. The foundational principle of this MoU and the benefits agreed to by FBR is complete integration by Tier-1 retailers with FBR’s system by November 30. This agreement covers the entire Tier-1 retail sector of over 60,000 outlets represented by CAP, a DGTO approved association created for Tier-1 retailers nationwide. This will result in more disposable income for consumers and sustained growth of the retail sector,” the CAP president said. He added that the initial launch of the initiative while successful for the fashion retail sector – had many practical hurdles especially for the departmental store and wholesale segments of the retail sector which work on a higher volume and lower margins model.

Source: Pakistan Today October 29, 2020 14:37 UTC