PM Kakar wants strategy to improve FBR performance
Caretaker Prime Minister Anwaarul Haq Kakar on Monday directed the authorities concerned to formulate a comprehensive strategy, in consultation with all stakeholders, to improve the performance of the Federal Board of Revenue (FBR). According to the Prime Minister Office (PMO), Mr Kakar presided over a meeting to mull over the measures for improving the performance of the tax authority. During the meeting, the PM said utilisation of modern technology was inevitable to improve the taxation system. The meeting was briefed on the measures to widen the tax net and digitisation of the taxation system. The participants also deliberated upon different proposals aimed at restructuring the FBR. The prime minister said that the revenue collection was like a backbone for the national economy. He told the meeting that various effective measures had been taken recently to curb smuggling, though it required more hard work to achieve the desired results. Caretaker Finance Minister Dr Shamshad Akhtar, Adviser to PM Ahad Cheema, FBR chairman, federal finance secretary and relevant senior officers attended the meeting. Meanwhile, media reports said the FBR has presented an ambitious plan to the International Monetary Fund to bring 1.5 million new taxpayers into the net by the end of June 2024. The blueprint of the strategy, which was shared during technical-level discussions with IMF officials, represents a significant milestone in Pakistan’s efforts to bolster its fiscal framework, the reports said.