PM Shehbaz Reviews FBR Reforms and Revenue Growth
Prime Minister Shehbaz Sharif led a high-level meeting to review progress on the reforms and digitalization of the Federal Board of Revenue (FBR).
During the meeting, officials shared that the government collected Rs 865 billion more in taxes compared to last year. This is eight times more than the previous year’s increase. Also, the country’s tax-to-GDP ratio went up to 11.3%, which is 1.5% higher than last year.
PM Shehbaz made it clear that all departments must work hard to meet the new economic and tax goals. He said he will personally monitor the progress and won’t allow any laziness from institutions.
He told the FBR to treat taxpayers with respect and asked all government departments to support the FBR. He also stressed the need to bring more people and businesses into the tax system using digital tools.
The Prime Minister gave important orders, including:
Expanding the Track and Trace system to monitor all stages of production and sales, so hidden or untaxed goods can be taxed.
Making it mandatory for businesses not paying proper taxes to digitize their production process.
Widening the use of Point of Sale (POS) systems in retail shops to improve transparency.
Making FBR more business-friendly and accessible to the public.
PM Shehbaz praised the officials for passing the budget for the new fiscal year and said the government is fully committed to improving Pakistan’s economy.
It was also shared that the Track and Trace system is already working in the sugar, tobacco, and fertilizer industries, and will soon be used in the cement sector and other industries too.
The meeting was attended by senior ministers and government officials, including the Information Minister Attaullah Tarar, Law Minister Azam Nazeer Tarar, the FBR Chairman, and others.
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