logo
PM approves modern digital ecosystem for Pakistan revenue watchdog to increase collection

PM approves modern digital ecosystem for Pakistan revenue watchdog to increase collection

Arab News20 hours ago
ISLAMABAD: Prime Minister Shehbaz Sharif has approved the development of a modern, world-class digital ecosystem in the Federal Board of Revenue (FBR) and directed hiring of world-renowned experts, his office said, in a bid to increase revenue collection.
The prime minister issued the directives at a meeting he presided over to review ongoing reforms in the FBR, during which officials briefed participants about linking FBR data to a single hub for real-time monitoring.
The reforms are tied to the government's economic stabilization agenda and structural benchmarks under a $7 billion International Monetary Fund (IMF) program. Pakistan has one of the lowest tax-to-GDP ratios in the region, despite a population of more than 240 million.
Speaking at the meeting, Sharif said the country's economy was moving in the right direction, thanks to the ongoing FBR reforms, and the government could only reduce tax on common people by increasing the tax base and eliminating informal economy.
"An entire digital ecosystem should be created to strengthen the new [FBR] system," he said. "All data from raw material production and import, product manufacturing to consumer purchases should be linked to a single system."
In June, Sharif's government set a record-high tax collection target of Rs14.13 trillion ($47.4 billion) for the fiscal year 2025–26, marking a 9 percent increase from the previous year. Officials say meeting this goal is essential to reducing reliance on external debt and ensuring long-term fiscal sustainability.
The prime minister said this consolidated data, collected under the new FBR system, should be used for economic, strategic decision-making.
"The system should be made so effective that the entire value chain can be directly monitored digitally," the prime minister added.
Earlier this month, the FBR launched simplified digital tax returns for salaried individuals, aimed at increasing tax compliance and widening the narrow tax base.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Russia starts first Moscow-Pyongyang passenger flights in decades
Russia starts first Moscow-Pyongyang passenger flights in decades

Al Arabiya

time28 minutes ago

  • Al Arabiya

Russia starts first Moscow-Pyongyang passenger flights in decades

Russia will launch direct passenger flights from Moscow to North Korea's capital Pyongyang on Sunday, Russian authorities said, as the two former communist bloc allies move to improve ties following Russia's invasion of Ukraine in 2022. The start of regular flights between the capitals for the first time since the mid-1990s, according to Russian aviation blogs, follows the resumption of Moscow-Pyongyang passenger rail service, a 10-day journey, in June. The first flight will leave Sheremetyevo airport at 7 p.m. (1600 GMT), according to the airport's timetable. The eight-hour flight will be operated by a Boeing 777-200ER with a capacity of 440 passengers, Russia's RIA state news agency said on Sunday. It said tickets started at 44,700 rubles ($563), and the first flight quickly sold out. Russia's civil aviation authority Rosaviatsia has granted Nordwind Airlines permission to operate flights between Moscow and Pyongyang twice a week. The transport ministry said in a statement that for now flights would operate once a month, 'to help build stable demand.' The only direct air route between Russia and North Korea has been flights by North Korean carrier Air Koryo to Vladivostok in Russia's Far East three times a week. Ukraine and its Western allies have accused North Korea of supplying Russia with artillery and ballistic missiles. Moscow and Pyongyang deny the allegations. Pyongyang has deployed more than 10,000 troops and arms to Russia to back Moscow's military campaign in Ukraine. North Korean leader Kim Jong Un said this month his country was ready to 'unconditionally support' Moscow's efforts to resolve the conflict in Ukraine.

Thailand, Cambodia clashes persist despite agreeing to talks after Trump steps in
Thailand, Cambodia clashes persist despite agreeing to talks after Trump steps in

Al Arabiya

timean hour ago

  • Al Arabiya

Thailand, Cambodia clashes persist despite agreeing to talks after Trump steps in

Thailand and Cambodia on Sunday signaled their readiness to negotiate an end to a deadly border dispute following mediation efforts by US President Donald Trump. The fighting, now in its fourth day, has killed at least 33 people and displaced more than 168,000. Trump posted on Truth Social on Saturday that he spoke to the leaders of Thailand and Cambodia and suggested he would not move forward with trade agreements with either country if the hostilities continued. He later said both sides agreed to meet to negotiate a ceasefire. Cambodian Prime Minister Hun Manet said Sunday his country agreed to pursue an immediate and unconditional ceasefire. He said Trump told him that Thailand had also agreed to halt attacks following Trumps conversation with Acting Thai Prime Minister Phumtham Wechayachai. 'This is positive news for the soldiers and people of both countries,' Hun Manet said in a statement. He said he tasked his deputy Foreign Minister Prak Sokhonn to coordinate next steps with US Secretary of State Marco Rubio and to engage directly with Thailands foreign minister to implement the ceasefire. Thailand expressed cautious support. Phumtham thanked Trump and said that Thailand agreed in principle to a ceasefire but stressed the need for sincere intention from Cambodia, the Thai Foreign Ministry said. Phumtam called for swift bilateral talks to discuss concrete steps toward a peaceful resolution, it said. The fighting first flared Thursday after a land mine explosion along the border wounded five Thai soldiers. Both sides blamed each other for starting the clashes. Both countries recalled their ambassadors, and Thailand closed its border crossings with Cambodia. Despite the diplomatic efforts, fighting continued Sunday along parts of the contested border, with both sides trading blame over renewed shelling and troop movements. Col. Richa Suksowanont, a Thai army deputy spokesperson, said Cambodian forces fired the first shots into Thai territory, including at civilian homes, early Sunday. He said Cambodia also launched rocket attacks targeting the ancient Ta Muen Thom temple, claimed by both countries, and other areas in a bid to reclaim territory secured by Thai troops. He said Thai forces responded with long-range artillery to strike Cambodian artillery and rocket launchers. Richa said Trumps efforts to mediate was a separate matter. 'The battlefield operations will continue, and a ceasefire can only happen if Cambodia formally initiates negotiations,' he added. Cambodian Defense Ministry spokesperson Lt. Gen. Maly Socheata accused Thai forces of escalating the violence and increasing their use of cluster bombs – weapons that are banned under international law. She said Sunday that Thai troops had carried out both targeted and indiscriminate attacks resulting in loss of life and destruction of civilian infrastructure. Thailand has reported 20 deaths, mostly civilians, while Cambodia said 13 people have been killed. More than 131,000 people in Thailand have evacuated to safe locations, and over 37,000 people fled from three Cambodian provinces. Many border villages are mostly deserted, with many schools and hospitals shut. The UN Security Council has called on the Association of Southeast Asian Nations, a regional bloc, to mediate peace between the two members. Human Rights Watch has condemned the reported use of cluster munitions in populated areas and urged both governments to protect civilians. The 800-kilometer (500-mile) frontier between Thailand and Cambodia has been disputed for decades, but past confrontations have been limited and brief. The latest tensions flared in May when a Cambodian soldier was killed in a confrontation that created a diplomatic rift and roiled Thailands domestic politics.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store