PM Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to reassess its revenue collection strategy to reduce Pakistan’s debt burden.

News Desk
2 Min Read

– The premier has instructed the FBR to bring sectors that are currently not paying taxes into the tax net.

– Emphasis has been placed on digitizing the FBR’s processes to ensure comprehensive and coordinated implementation.

– PM Shehbaz has pledged full support to the revenue collection body in acquiring the latest technology.

– The goal is to reach a tax collection target of 13 trillion rupees for the current fiscal year, following a 30% increase in tax collection during the last financial year.

– The premier advised against harassing traders and investors, instead advocating for their facilitation and timely tax collection.

– PM Shehbaz lauded the finance team for securing a staff-level agreement with the IMF and expressed confidence in its approval by the IMF board.

– The premier called for swift efforts to ensure this program would be the last of its kind for Pakistan, emphasizing the need for structural changes to improve macroeconomic indicators.

– Two billion rupees have been directed to be released immediately to modernize the Web-based One Customs System (WeBOC).

– The FBR’s trader-friendly mobile application has been praised for facilitating ease of use for taxpayers.

#Pakistan #ShehbazSharif #FBR #RevenueCollection #Taxation #Economy #IMF #Development #Digitization #Technology #Trade #Investment #Facilitation #MacroeconomicReforms

- Advertisement -
Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *