- Pakistan introduces its first AI-based Risk Management System for Customs clearance
- Initiative led by the Federal Board of Revenue under Prime Minister Shehbaz Sharif
- AI-powered RMS aims to modernize and streamline import-export processes
- System uses machine learning and automation for improved accuracy and efficiency
- Initial testing shows 92 percent performance improvement and 83 percent increase in accurate Goods Declarations
- Clearance through the green channel increased by 2.5 times
- RMS reduces human intervention, enhancing transparency and objectivity
- Automated risk profiling focuses on high-risk consignments, boosting security and revenue
- Prime Minister prioritizes FBR and Customs reforms for transparency and efficiency
- RMS expected to facilitate business operations and reduce compliance costs
- Prime Minister calls for full integration and sustainability of the RMS
- AI-based video analytics tools reviewed for enhancing tax collection in manufacturing
- Finance Minister, Information Minister, and senior officials attended the meeting
- RMS seen as a transformative step for Pakistan’s Customs clearance system
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
