Heading: PM SHEHBAZ URGES FBR TO USE TECHNOLOGY TO IMPROVE REVENUE COLLECTION - 2024-10-24
Pakistan Prime Minister Shehbaz Sharif on Thursday said the use of modern technology was essential to bring improvement in the country’s tax and revenue system. He remarks came as he chaired a meeting on the progress of reforms in the Federal Board of Revenue (FBR) on Thursday, according to a statement from the Prime Minister’s Office (PMO). During the meeting, PM Shehbaz directed the FBR to make full use of technology to improve revenue collection. PM Shehbaz emphasised the need to make the system for preventing smuggling in the country more effective. He also sought a roadmap for the reconstruction of the Pakistan Revenue Automation Limited (PRAL), the PMO said. Last month, the Cabinet Committee on State-Owned Enterprises (CCoSOEs) approved the reconstitution of the Board of Directors (BoD) of the PRAL. “The meeting considered the recommendation of five majority independent directors and four ex-officio members by the Board Nominations Committee as per Section (1) of Section 10 of the Enterprises (Governance and Operations) Act, 2023,†read the statement from Finance Division then. It is pertinent to mention that PRAL, established in 1994, is responsible for providing technology-driven solutions to the FBR, playing a vital role in automating the country’s tax…