ByIslamabad, Pakistan: Prime Minister Shehbaz Sharif has approved a comprehensive transformation plan for the Federal Board of Revenue (FBR) aimed at boosting tax collection and enhancing efficiency.
The plan includes a significant financial investment of Rs34 billion to modernize the FBR, establish new check posts, and reward high-performing officials. Express Tribune
To address tax evasion, the government will implement stricter measures, including restrictions on non-filers purchasing major assets. The FBR will also prioritize targeting compliant taxpayers who may have under-declared their assets and incomes.
The FBR’s transformation plan involves a range of initiatives, such as:
Modernizing the FBR: The government will invest in technology and infrastructure to improve the FBR’s operations.
Enhancing enforcement: The FBR will strengthen its enforcement capabilities to combat tax evasion and ensure compliance.
Incentivizing performance: The FBR will reward officers who demonstrate exceptional performance and contribute to increased tax revenue.
Promoting transparency: The FBR will conduct third-party audits of its projects to ensure accountability and transparency.
The prime minister emphasized the importance of these reforms in strengthening Pakistan’s economy and improving public services. He urged the FBR to implement the plan effectively and achieve its objectives.
