Prime Minister Muhammad Shehbaz Sharif says no negligence will be tolerated in achieving economic targets for Pakistan’s bright economic future.
He was chairing the weekly review meeting regarding FBR’s digitization and other reforms in Islamabad on Wednesday.
During the meeting, the Prime Minister appreciated the efforts of FBR and Finance Ministry for a 42% increase in federal tax revenues in the fiscal year of 2024-25 compared to the previous ten years.
The Prime Minister said the same diligence should be demonstrated in the collection of revenues and achieving other economic targets in the new fiscal year, and no institutional laxity will be tolerated in this regard.
Shehbaz Sharif directed all institutions to work with full dedication to achieve revenue collection and other economic targets in the new fiscal year.
Muhammad Shehbaz Sharif directed FBR to treat the public with respect and dignity while collecting revenue and performing its duties.
He said all government institutions should fully cooperate with the FBR for the progress of country’s economy.
The Prime Minister directed the Track and Trace digital production system should be integrated into the production and distribution stages of goods to ensure that all production is brought into the tax net.
He also directed that tax defaulters and the production processes of all industries should be digitized and brought into the tax net.
The Prime Minister directed to further expand the scope of FBR’s Point of Sale (POS) system in the retail sector.
He urged FBR to keep their doors open for provision of facilities to business community and taxpayers.
During the meeting, the Prime Minister was briefed that a total of 865 billion rupees in additional revenue was collected in the last fiscal year, through reforms and implementation of tax laws.
The Prime Minister was briefed that the Track and Trace Digital Production System has been fully implemented in sugar, tobacco and fertilizer industries so far and will soon be fully implemented in cement and other industries.
