ISLAMABAD: The Federal Board of Revenue (FBR) is all set to revolutionise Point of Sale (POS) and Track and Trace System (TTS) through Machine Learning (ML) and Artificial Intelligence (AI) Model Pilot Program.

According to a tweet of the FBR Sunday night, the Machine Learning (ML) and Artificial Intelligence (AI) Model Pilot Program, is being funded by FCDOGov.UK through ReMIT.

This program will leverage ML and AI to digitally monitor Tier-1 retailers and select manufacturers in TTS to enhance revenue and facilitate taxpayers’ interactions with FBR using WhasApp Chat Bot, FBR added.

Sources told Business Recorder that a team of World Bank has already visited a tobacco unit and a fertiliser plant to see the working and performance of the track and trace system.

Copyright Business Recorder, 2023