PM asks FBR to ensure third-party audits
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed Federal Board of Revenue (FBR) to accelerate implementation of its reform programme and ensure third-party audits of the measures being introduced, as the government seeks to modernise tax administration and curb evasion and smuggling. Chairing a weekly review meeting on FBR reforms, the prime minister said all reform measures should be…
Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to accelerate its reform programme and ensure third-party audits of the measures being introduced. The government aims to modernize tax administration, curb evasion and smuggling, and increase revenue collection. Key pillars of the FBR reform programme include digitalization, production monitoring, and automation.
Officials briefed on the meeting discussed progress on reforms such as the restructuring of Pakistan Revenue Automation Ltd (PRAL), the digitalization of the tax system, and measures to prevent smuggling. Work is underway on IRIS 3.0, a new tax operating model and central data hub, as well as efforts to improve the efficiency of the tax system, pilot automated taxation, and eventually use artificial intelligence and machine learning to enhance tax collection.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
