{"id":93067,"date":"2025-04-19T03:09:05","date_gmt":"2025-04-19T03:09:05","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/pm-urges-fbr-to-boost-revenue-end-imf-dependence\/"},"modified":"2025-04-19T03:09:05","modified_gmt":"2025-04-19T03:09:05","slug":"pm-urges-fbr-to-boost-revenue-end-imf-dependence","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/pm-urges-fbr-to-boost-revenue-end-imf-dependence\/","title":{"rendered":"PM urges FBR to boost revenue, end IMF dependence"},"content":{"rendered":"

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\u2022 Visits revenue body\u2019s headquarters, launches indigenous performance management system
\n\u2022 Tax authority set to roll out digital invoicing for 6,000 firms by June<\/p>\n

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed the Federal Board of Revenue (FBR) to speed up the implementation of long-overdue tax reforms<\/a>, including the rollout of a nationwide digital invoicing system for businesses over the next few months.<\/p>\n

During a visit to the FBR headquarters in Islamabad, the prime minister launched an indigenous performance management system and reviewed the operation of Pakistan Revenue Automation Limited (PRAL), the FBR\u2019s information technology subsidiary. He also inaugurated the newly established Delivery Unit of the FBR and met the tax authority\u2019s officers.<\/p>\n

The prime minister directed his team to replicate the FBR\u2019s performance management system for other cadre groups. \u201cThis is the best system, and the establishment secretary should implement it for other groups,\u201d the premier said, praising the FBR team for developing the system.<\/p>\n

As part of the rollout of digital invoicing, PM Shehbaz was informed that 6,000 companies would be covered until the end of June. The premier was further informed that the remaining enterprises would be brought under the ambit by October.<\/p>\n

An official announcement said that a data-based decision-making system is being implemented in the FBR and is being shared with the prime minister. This system has incorporated data on payments and asset acquisitions from several sectors, including Nadra and banks.<\/p>\n

The FBR is taking steps to implement a modern and automated system to align the FBR with international standards and increase the tax base. It was further stated that the entire value chain is being digitised. In addition, all preparations for digital invoicing are complete and will be launched soon.<\/p>\n

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During the briefing, it was further informed that tax returns have been made easier for the current financial year.<\/p>\n

The premier also launched a fully automated and digital system to improve the performance of FBR officers and to evaluate the performance of officers, keeping in mind the principle of punishment and reward. After evaluating the performance of officers under the system, they will be able to get financial benefits and promotion.<\/p>\n

The prime minister was also given a tour of the newly established Delivery Unit of the FBR, where he met officers and reviewed the system. The premier praised the system and said that the officers of the FBR Delivery Unit are a valuable asset to the country and the nation.<\/p>\n

\u201cI hope that they will play a key role in harmonising the country\u2019s tax system with contemporary requirements and increasing the country\u2019s revenue,\u201d he said.<\/p>\n

PM Shehbaz urged the FBR staff to help the country get out of debt<\/a> as quickly as possible by working tirelessly and without wavering. \u201cIf we want to move away from the International Monetary Fund (IMF), we must work hard to increase our revenues,\u201d he said.<\/p>\n

He said the entire FBR staff should be commended for the 27pc rise in tax revenues. But he warned that getting to real potential would take time and that further effort would be required to close the system\u2019s gaps.<\/p>\n

Published in Dawn, April 19th, 2025<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

\u2022 Visits revenue body\u2019s headquarters, launches indigenous performance management system \u2022 Tax authority set to roll out digital invoicing for 6,000 firms by June ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed the Federal Board of Revenue (FBR) to speed up the implementation of long-overdue tax reforms, including the rollout of a nationwide digital invoicing 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