Key points
- AI and BOTs carry out estimation of cost and nature of goods during import and export
- Over 92pc improved performance observed during initial testing of new system
- Prime minister says with reduced human intervention, system will be more effective
ISLAMABAD: Pakistan’s Federal Board of Revenue (FBR) has, for the first time in Pakistan’s history, introduced an Artificial Intelligence-based Customs Clearance and Risk Management System.
Under the new risk management system, estimation of the cost and nature of goods during import and export will be carried out by AI and BOTs.
According to Radio Pakistan, over ninety-two per cent improved performance was observed during the initial testing of the new system.
Chairing a meeting on FBR reforms in Islamabad on Monday, Prime Minister Shehbaz Sharif said FBR reforms were among the government’s top priorities.
“More transparent and efficient”
“By automating the tax system, we are making it more transparent and efficient,” he said.
The initial testing not only identified eighty-three per cent more Goods Declarations (GDs) for tax collection but also enabled clearance of significantly more GDs through the Green Channel.
The new risk management system will bring transparency to the system, minimise human intervention and facilitate businesspersons.
Ease of doing business
The prime minister noted that this modern technology-based system will ease doing business and provide convenience to taxpayers.
He said that with reduced human intervention, the system would be more effective and save both time and money.
The prime minister directed that the new system be made integrated and sustainable.
