Pakistan’s Ministry of IT and Telecommunication is partnering with the Federal Board of Revenue (FBR) to enlist additional taxpayers, particularly those who have not been fulfilling their income tax obligations.
The objective is to modernize the tax system with technological advancements, thereby enhancing the country’s economic prospects.
In a recent gathering, Pakistan’s Caretaker Finance Minister, Dr. Shamshad Akhtar, emphasized the imperative of leveraging technology to bolster tax collection.
The government’s ambition is to augment tax revenues, and technology plays a pivotal role in this strategy.
The FBR chairman elaborated on their initiatives to automate and enhance the tax collection infrastructure.
This marks a critical stride toward increasing government revenue.
Minister Akhtar underscored the need for swift action to bridge the tax deficit.
The government is resolute in ensuring that all eligible taxpayers fulfill their fiscal obligations.
Furthermore, the government is committed to modernizing its financial systems to align them with international standards, enhancing transparency and accountability.
They are meticulously scrutinizing data from various sources, including provinces and state-owned entities, to identify non-compliant taxpayers.
The overarching plan is to utilize this data to encompass more individuals within the tax purview.
Both the FBR and the Ministry of IT are steadfast in their collaboration, with a shared determination to digitize national data and broaden the tax base.
The meeting concluded with a unanimous commitment to invest the necessary effort to bolster fiscal governance and amplify revenue collection.
Notable attendees at the meeting included Caretaker Federal Minister for IT and Telecommunications Dr. Umar Saif, Chairman FBR Malik Amjed Zubair Tiwana, members of the Board, and senior officials from the Ministry of Finance, the IT Division, and the Revenue Division.