- FBR launched Pakistan’s first AI-powered customs clearance system
- Aims to enhance transparency, reduce human intervention, and facilitate trade
- System expected to improve import-export operations efficiency
- AI and bots will assess cost and nature of goods during import and export
- Risk management system will improve through machine learning
- Initial testing showed over 92 percent improved performance
- System determined 83 percent more Goods Declarations for tax collection
- Enabled 2.5 times more Goods Declarations cleared through green channel
- System to bring transparency, minimize human intervention, and aid business community
- Allows instant and efficient estimation of goods and value, saving time
- Reforming FBR is a government priority, aiming for a transparent and effective tax system
- PM instructed for system integration and sustainability
- Review meeting held to assess ongoing FBR reforms
- Video analytics-based measures to improve tax collection in manufacturing sector
- Automated and transparent tax recovery to increase government revenue
- System is low-cost and showed 98 percent efficiency during initial testing
- Potential to increase tax collection from manufacturing sector
Source: brecorder.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.
