AGL 40.25 Increased By ▲ 0.09 (0.22%)
AIRLINK 130.62 Decreased By ▼ -1.11 (-0.84%)
BOP 6.70 Increased By ▲ 0.01 (0.15%)
CNERGY 4.59 Increased By ▲ 0.12 (2.68%)
DCL 9.05 Increased By ▲ 0.23 (2.61%)
DFML 41.26 Increased By ▲ 0.65 (1.6%)
DGKC 84.75 Increased By ▲ 0.67 (0.8%)
FCCL 32.62 Increased By ▲ 0.28 (0.87%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.59 Increased By ▲ 0.24 (2.11%)
HUBC 110.65 Decreased By ▼ -1.11 (-0.99%)
HUMNL 14.30 Decreased By ▼ -0.01 (-0.07%)
KEL 5.22 No Change ▼ 0.00 (0%)
KOSM 8.81 Decreased By ▼ -0.17 (-1.89%)
MLCF 39.42 Decreased By ▼ -0.01 (-0.03%)
NBP 60.85 Increased By ▲ 0.56 (0.93%)
OGDC 195.50 Increased By ▲ 0.56 (0.29%)
PAEL 26.79 Increased By ▲ 0.10 (0.37%)
PIBTL 7.46 Decreased By ▼ -0.02 (-0.27%)
PPL 155.80 Increased By ▲ 0.03 (0.02%)
PRL 26.99 Increased By ▲ 0.31 (1.16%)
PTC 18.15 Decreased By ▼ -0.15 (-0.82%)
SEARL 82.52 Decreased By ▼ -0.50 (-0.6%)
TELE 8.36 Increased By ▲ 0.13 (1.58%)
TOMCL 34.65 Increased By ▲ 0.10 (0.29%)
TPLP 9.15 Increased By ▲ 0.34 (3.86%)
TREET 17.32 Increased By ▲ 0.62 (3.71%)
TRG 62.20 Decreased By ▼ -0.25 (-0.4%)
UNITY 27.60 Increased By ▲ 0.16 (0.58%)
WTL 1.36 Increased By ▲ 0.08 (6.25%)
BR100 10,387 Increased By 200 (1.96%)
BR30 31,517 Increased By 181 (0.58%)
KSE100 96,989 Increased By 1442.1 (1.51%)
KSE30 30,097 Increased By 518.5 (1.75%)

ISLAMABAD: The Prime Minister has constituted a 10-member Task Force on digitalization of Federal Board of Revenue (FBR) under the chair of State Minister for Finance and Revenue Ali Pervaiz Malik.

According to a letter from the PM office to the Federal Board of Revenue, the Prime Minister has been pleased to constitute a Task Force for comprehensive and end-to end digitalization of FBR.

Minister of State for Finance & Revenue will be chairman of the Task Force while Major General Syed Ali Raza, DG C4I will co-chair the Task Force.

PM Shehbaz directs FBR to accelerate digitisation work

The other members of committee will be Ghazi Akhtar, Lotte Akhtar Beverages Ltd; Ziad Bashir, Member BoD Gul Ahmed; Amir Malik, ex-CEO PRAL; Fareed Zafar, LUMS; Asif Peer, Systems Ltd; Tania Aidrus; Waqas ul Hasan, Karandaz and Gohar Marwat, Project Officer, NADRAc shall be members of Task Force.

The Task Force may co-opt any person from the public/private sector, if deemed necessary, for the purposes of this task.

The Terms of Reference (ToR) of the Task Force includes formulate policy interventions required for digitalization of FBR along with implementation of data automation/software solutions, encompassing following

a) Data integration (vertically with Provincial Revenue Authorities & horizontally across Ministries/Government departments);

b) Risk based auditing with CNIC as single primary identifier to broaden tax base;

c) Supply chain automation (wholesaler, distributor & middleman network);

d) Track & Trace System through integrated/automated system;

e) Restructuring of PRAL as an independent IT driven bureau for generating planning data/stats;

f) Trade data sharing interface with trading partners for effective valuation/appraisal;

The Task Force shall submit its recommendations/plan for consideration of the Prime Minister within one month.

The FBR will notify the said Task Force and provide secretarial support, it added.

Copyright Business Recorder, 2024

Comments

Comments are closed.