PM Sets December 31 Deadline for FBR Digitalisation
In a crucial step toward modernizing Pakistan’s tax system, Prime Minister Shehbaz Sharif has set December 31 as the deadline for the Federal Board of Revenue (FBR) to finish its digitalization efforts. The instruction was delivered during a high-level discussion on tax reforms, when the premier emphasized the importance of decisive actions to improve revenue collection and fight evasion.
The prime minister emphasized the necessity of using existing data and new technologies to overhaul tax systems. “Leveraging modern tools is critical to ensuring transparency and efficiency in our tax system,” the politician said.
During the briefing, FBR officials advised PM Shehbaz on numerous major projects that are already underway. Among these, a video analytics system has been implemented in the sugar business to track production in real time. This novel approach is designed to reduce tax evasion by delivering precise production data to authorities.
Another significant milestone is the upcoming implementation of a computerized invoicing system aimed at making compliance easier for firms. A dedicated mobile app for small businesses is also nearing completion and is scheduled for distribution by the end of the month.
The restructure of Pakistan Revenue Automation Pvt Ltd (PRAL), an FBR subsidiary, was also discussed. PRAL, founded to combine cutting-edge technologies into tax management, is experiencing a metamorphosis under the leadership of a newly established board. This restructure aims to ensure that digital solutions are seamlessly integrated into the FBR’s operations.
Prime Minister Shehbaz stressed the importance of implementing these changes to strengthen the economy and increase income production. “A modern, transparent, and efficient tax system is the backbone of economic stability,” he told me.
The government’s push for digitization reflects a broader commitment to increasing accountability and combating tax evasion. With the December 31 deadline in place, significant progress in Pakistan’s tax infrastructure is expected, paving the way for a more strong and equitable financial system.
The successful digitization of the FBR is projected to not only raise tax revenues but also foster confidence between taxpayers and authorities, setting the path for a more prosperous economic future.
