{
  "id": 3931930,
  "title": "Tax reforms must be fully implemented within set timeframe: PM",
  "url": "https://urgent.news/2026/08/28/tax-reforms-must-be-fully-implemented-within-set-timeframe-pm",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-28T09:09:26.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40436867/tax-reforms-must-be-fully-implemented-within-set-timeframe-pm"
  },
  "original_language": "en",
  "account": "Prime Minister Shehbaz Sharif emphasized on Friday that the implementation of tax reform measures must be fully completed within a set timeframe. During a weekly review meeting chaired by the Prime Minister in Islamabad, officials were briefed on the progress of the Federal Board of Revenue's (FBR) ongoing reforms. Key areas addressed included the restructuring of Pakistan Revenue Automation Limited (PRAL), the digitalization of the tax system, and efforts to combat smuggling.\n\nThe meeting revealed that the new tax operating model, IRIS 3.0, and the central data hub are in the process of being modernized and integrated to create a data-driven tax system. International consultants have been brought in to assist with the design of IRIS 3.0. Additionally, new senior leadership positions have been created within PRAL to lead initiatives in technology, data security, operations, and the tax domain.\n\nThe Prime Minister stressed the importance of advancing the tax system's effectiveness under IRIS 3.0, piloting the concept of auto-tax, and leveraging artificial intelligence and machine learning to boost tax collection. He also called for third-party audits to ensure transparency and effectiveness in the reforms. The Prime Minister directed intensified action against tax evasion, smuggling, and illegal businesses, and instructed that the implementation of reforms must be swift to modernize the tax system, enhance revenue collection, and eliminate smuggling entirely.",
  "summary": "Prime Minister Shehbaz Sharif on Friday directed authorities that the implementation of reform measures in the tax system should be fully completed within a specified timeframe. A weekly review meeting on the reforms of the Federal Board of Revenue (FBR), chaired by the PM, was held today in Islamabad, the Prime Minister’s Office (PMO) said. The meeting was given a detailed briefing on the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}