ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif on Friday presided over a meeting which gave in-principle approval to the Federal Board of Revenue’s (FBR) Homegrown Transformation Plan regarding tax collection management.
The plan has been prepared by the FBR on the instructions of the prime minister in collaboration with other economic and technological experts of the Country after a detailed analysis of the tax collection of the last 25 years.
It will enable more tax to be collected in a better manner without hindering the journey of economic development and will provide more convenience to the people paying full tax.
Islamabad: Prime Minister Muhammad Shehbaz Sharif chairs a meeting on transformation plan of Federal Board of Revenue. pic.twitter.com/bKsKjdE90K
— Government of Pakistan (@GovtofPakistan) September 20, 2024
The meeting was given a detailed briefing on the FBR’s transformation plan.
It was informed that the plan includes a comprehensive strategy for the effective use of information technology, incentivizing officers and staff who demonstrate integrity and performance in improving tax collection and enhancing the enforcement of tax laws.
According to the proposals, strict measures can be taken against those who do not pay full tax on time and are involved in fraud in order to prevent tax evasion in the society.
It was informed that these measures will be implemented after extensive consultation with good taxpayers.
Under the transformation plan, auditing capacity of the FBR will be enhanced.
