Aurangzeb deplores FBR’s ‘reputation for corruption’

Finance Minister Muhammad Aurangzeb has criticised the country’s tax authorities for having a “reputation for corruption”, calling it the main reason why citizens don’t want to deal with it. In an interview with the Financial Times, he was critical of the Federal Board of Revenue (FBR), saying: “People don’t want to deal with the tax authority because of corruption, because of harassment, because of people asking for speed money, facilitation money.” He also warned that the forthcoming IMF bailout “will not be our last” if the government fails to significantly boost tax revenue, adding: “We do not have five years for our programme… We have to start showing, start delivering, in the next two to three months.” Mr Aurangzeb told Financial Times he was “relatively confident” of reaching a staff-level agreement with the IMF this month, adding that the direction of travel is positive, and investors are showing confidence in the stock market.