Finance Minister Muhammad Aurangzeb made his inaugural visit to the Federal Board of Revenue (FBR) headquarters today, where he engaged in comprehensive discussions with tax officials about tax collection strategies and preparations for the forthcoming economic review with the International Monetary Fund (IMF).
Aurangzeb stressed the urgent need for digitizing the FBR to enhance transparency and efficiency in tax collection. These initiatives would focus on enhancing tax collection through improved FBR governance, comprehensive documentation of the economy, and full-scale digitization. The government is considering strategies to broaden the tax base by incorporating wholesale/retail, real estate, and agriculture sectors into the tax framework
Sources told ProPakistani that Aurangzeb received a detailed briefing on the status of tax collections for the ongoing fiscal year, alongside proposed measures to ensure their sustainability. He directed continued efforts towards enhancing the operational efficiency of the FBR.
The meeting delved into the ongoing digitization initiatives within the FBR, with officials providing updates on the progress and future trajectory of the process. Aurangzeb underscored the urgency of accelerating digitization to streamline operations and improve transparency.
Aurangzeb stated that digitization is a means to an end and implementing digital solutions are pivotal to modernizing our tax administration. He said that by leveraging technology and enhancing transparency, we can build a more equitable tax system that fosters economic growth and benefits all citizens.
The meeting concluded with a firm commitment from both sides to work towards promoting the welfare of the Pakistani people. Minister Aurangzeb praised the dedication of the FBR team and pledged the government’s full support in implementing transformative measures.
In a bid to bolster transparency further, the Finance Minister issued directives aimed at refining tax collection, ensuring its integrity and fairness. Sources said he urged the need to broaden the tax base, extending its reach to encompass sectors such as retail, real estate, and agriculture.
