PM Shehbaz approves the development of a modern & world-class digital ecosystem in FBR
Says the economy was moving in a positive direction due to the recent reforms in FBR
Says only through expanding tax base & eliminating informal economy can the goal of reducing tax burden on the common man be achieved
ISLAMABAD ( WEB NEWS )
Prime Minister Mian Muhammad Shehbaz Sharif has approved the development of a modern and world-class digital ecosystem in the Federal Board of Revenue (FBR). The prime minister observed that the economy was moving in a positive direction due to the recent reforms in FBR.
Chairing a meeting to review progress on FBR reforms in Islamabad on Saturday, PM Shehbaz Sharif directed the engagement of globally renowned experts for this purpose.
He instructed that all data from the production and import of raw materials to the manufacturing of products and consumer purchases must be integrated into a single system.
The Prime Minister emphasized that system should be made so effective that the entire value chain can directly be monitored digitally.
He directed that the centralized data collected under the system should be used for strategic economic decision-making. The Prime Minister emphasized that only through expanding the tax base and eliminating the informal economy can the goal of reducing the tax burden on the common man be achieved.
The meeting was briefed on the progress regarding the formation of a modern digital ecosystem aimed at centralizing FBR’s data and enabling real-time monitoring of the entire value chain.
Federal Ministers Senator Muhammad Aurangzeb, Senator Ahsad Khan Cheema, Minister of State Bilal Azhar Kayani, FBR Chairman, Chief Coordinator Musharraf Zaidi, economic experts and other senior officials attended the meeting.