Pakistan's new PM Shehbaz seeks proposals to cut govt spending
Pakistan's Premier Shehbaz Sharif on Tuesday directed the authorities concerned to formulate proposals for reducing government expenditures and overhauling the country’s economic structure.
In a high-level meeting convened at the Prime Minister House, PM Sharif emphasized the immediate need for the comprehensive digitization and automation of the Federal Board of Revenue (FBR), a process he personally pledged to oversee. He underscored the importance of adopting the world's best model for FBR digitization to ensure transparency, boost tax collection, combat tax evasion, corruption, and smuggling, and enhance convenience for the general public and the business community.
During the meeting, PM Sharif expressed his commitment to encouraging and rewarding large taxpayers and top-performing FBR officers while ensuring that those engaging in illicit activities face legal consequences. He stressed the importance of weeding out corruption and ensuring a just system.
FBR Chairman, Malik Amjed Zubair Tiwana, provided a detailed briefing on various initiatives, including steps taken to increase tax collection, expedite refunds for exporters, expand the tax net, automate processes, curb tax evasion, institutional corruption, and smuggling, as well as improving services for the public.
Chairman Tiwana informed the gathering that the FBR is actively working towards the target of bringing an additional 1.5 million taxpayers into the tax net during the current financial year.
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