ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to reevaluate its strategy for enhancing revenue collection to meet the country’s revenue targets.
During a meeting at the FBR office in Islamabad on Friday, he emphasized the necessity of bringing untaxed sectors into the tax net. He highlighted the ongoing digitization process within the FBR and assured that it would be implemented comprehensively and efficiently. The Prime Minister pledged full support to the revenue collection body in acquiring the latest technology.
Shehbaz Sharif commended the FBR for achieving a 30 percent increase in tax collection during the last financial year. He stressed the importance of reaching the tax collection target of Rs13 trillion set for the current fiscal year.
The Prime Minister emphasized that traders and investors should not be harassed but rather fully facilitated, clarifying that tax should be collected where it is due.
He also praised the finance team for securing the staff-level agreement with the IMF, expressing confidence that the IMF board would approve it.
Shehbaz Sharif stated that it is now time to act swiftly and tirelessly to make this program the last one in the country’s history. He underscored the need for structural changes to enhance macroeconomic indicators and set the country on a path of development.
