ISLAMABAD: The first meeting of the Task Force on Digitalization of Federal Board Revenue (FBR) was held at its headquarters is Islamabad on Tuesday chaired by Minister of State for Finance and Revenue Ali Pervez Malik and co-chaired by DG C41, Major General Syed Ali Raza.
According to a press releases issued by the FBR, Chairman FBR Rashid Mahmood Langrial, Members and other senior officers of the Board along-with Task Force members also attended the meeting.
State Minister for Finance said that Prime Minister of Pakistan has formed the Task Force to submit recommendations to completely digitize all the systems of FBR. ‘If the country needs to transition to a more inclusive and sustainable growth then end-to-end-digitization of FBR is imperative”, stated the State Minister.
He explained that the ultimate objective of the Task Force is to formulate such policy interventions which can improve efficacy of FBR to further enhance revenue stream for the country.
Speaking on the occasion, DG C41 said that the end result of reform agenda of the government is to increase tax-to-GDP ratio of Pakistan for enhanced revenue generation. He stressed upon focusing on implementing the various initiatives to achieve fruitful results.
Chairman FBR said that the Revenue Division is committed to enhance revenue through implementation of data automation and software solutions. He stressed the need for integration of systems and deployment of new systems to modernize the tax agency.
Ali Malik from the consulting firm Mckinsey during the meeting gave a comprehensive presentation on the progress that has been made towards digitization of FBR. He said that the firm is focusing digitization of FBR and to identify and implement quick wins.
This was followed by a detailed discussion on Terms of References (TORs) of the Task Force which included data sharing with the provinces and ministries, Track & Trace System through integrated system, supply chain automation, restructuring of PRAL and trade data sharing interface with trading partners.
The 1st meeting of Task Force on Digitalization of FBR was chaired by Minister of State for Finance &Revenue, Mr. Ali Pervez Malik at FBR HQs & co-chaired by DG C41, Major General Syed Ali Raza. It was attended by Chairman FBR,Board Members,senior officers &Task Force members.1/7 pic.twitter.com/dXvFi1i8qn
— FBR (@FBRSpokesperson) August 13, 2024
It also was agreed that there is a need to devise a robust data sharing mechanism for sharing of real time data among major stakeholders to identify the potential taxpayers for broadening of tax base.
The meeting added that the use of latest technological interventions and automation of FBR systems can lead towards documented and more formalized economy for sustained economic development of the country.
