- Prime Minister Shehbaz Sharif approved a digital ecosystem for the Federal Board of Revenue to monitor the value chain.
- The initiative aims to align Pakistan’s tax infrastructure with international standards.
- Approval was given during a meeting on FBR reforms, attended by key government figures.
- The digital system will centralize FBR data and enable real-time tracking of the value chain.
- The system is intended to be a comprehensive digital ecosystem, not just simple digitization.
- The goal is to monitor every stage of the value chain for transparent data collection and strategic decisions.
- The initiative aims to dismantle the informal economy and broaden the tax base.
- International experts will be hired to ensure the success of the digital transformation.
- The project is expected to enhance FBR’s efficiency and accountability.
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.
