ISLAMABAD: Pakistan’s Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb received Regional Head of Technology and Tax McKinsey & Co. Tom Isherwood on Monday to discuss investment opportunities in Pakistan and other matters of mutual interest.
Minister of State for Finance and Revenue Ali Pervaiz Malik and McKinsey Partner Ali Malik were also present in the meeting.
Minister Emphasizes Investment in Technology
The finance minister stressed the need for investment in technology and fostering a cultural shift towards digital governance.
He highlighted the government’s commitment to improve tax collection through the Federal Board of Revenue’s ongoing efforts in digitization.
He also said that the data from PRAL (Pakistan Revenue Automation Limited) and REMIT can be utilized in digitizing FBR’s tax system.
Meanwhile, the discussions covered the possibility of achieving quick wins by leveraging this data and implementing daily reporting through dashboards to monitor progress in real-time.
Ali Pervaiz Malik also discussed how the ongoing exercise could be enhanced by effectively generating, organizing, and analyzing data.
He emphasized the importance of a data-driven approach to improve overall project outcomes.
The McKinsey team thanked the minister for the meeting and assured that they would ensure the completion of the exercise within the given time frame.
