Latest news with #CustomsClearanceandRiskManagementSystem
Business Recorder
a day ago
- Business
- Business Recorder
PM launches first-ever AI-powered customs clearance, RSM
ISLAMABAD: In a game-changing move set to revolutionise the trade and tax landscape, Prime Minister Shehbaz Sharif on Monday unveiled the country's first-ever Artificial Intelligence (AI)-based Customs Clearance and Risk Management System (RMS). In a high-profile meeting chaired by the prime minister to review ongoing Federal Board of Revenue (FBR) reforms, officials revealed the new system leverages AI and automated bots to estimate the cost and nature of goods during imports and exports – a first for Pakistan's trade sector. During a briefing to the prime minister, FBR officials claimed that this marks a historic leap, moving Pakistan's customs operations firmly into the digital age for the first time. The early tests of the AI-driven RMS have been nothing short of spectacular, the meeting was told, with the system showing a 92 per cent improvement in overall performance, while goods declarations flagged for tax collection increased by 83 per cent. Even more impressively, they added, clearance through the 'green channel' – the fast-track lane for low-risk shipments – has increased by 2.5 times, promising major time savings for traders. The system's brain, according to the FBR, comprises cutting-edge machine learning algorithms that continuously evolve by analysing the movement of goods in real time, significantly reducing the need for human intervention and its commonly associated inefficiencies. In his remarks, Prime Minister Sharif hailed the reform as one of the government's top priorities to 'automate the tax system, making it more transparent and effective.' He emphasised that the new tech-powered framework will simplify doing business in Pakistan and provide much-needed relief to taxpayers burdened by bureaucracy. 'Less human intervention means less corruption, quicker clearances, and more money in the government's coffers,' he noted, urging officials to ensure the system is integrated and sustainable for the long term. Sharif also applauded the FBR team for their efforts in developing the system, stressing that Pakistan must keep pace with global standards to attract investment and bolster economic growth. The meeting also highlighted a parallel breakthrough – a video analytics-based tool designed to improve tax collection in Pakistan's manufacturing sector. This technology promises to automate tax assessments transparently and efficiently, removing room for human error or manipulation. Tested with a reported 98 per cent accuracy rate, the system is poised to significantly boost government revenue and ease compliance for businesses – a major step forward for Pakistan's fiscal health. Finance Minister Muhammad Aurangzeb, Information Minister Attaullah Tarar, the FBR chairman Rashid Mehmood Langrial, and other senior officials attended the meeting, collectively pledging full support for these transformative initiatives. Copyright Business Recorder, 2025
Express Tribune
a day ago
- Business
- Express Tribune
PM Shehbaz unveils FBR's first AI-powered customs system
Listen to article Federal Board of Revenue (FBR) has launched Pakistan's first-ever artificial intelligence-based Customs Clearance and Risk Management System (RMS), Prime Minister Muhammad Shehbaz Sharif announced during a meeting to review ongoing FBR reforms. Under the new system, AI and BOTs will assess the nature and cost of imported and exported goods. Officials said the system will use machine learning to automate and refine customs operations over time, reducing delays and human intervention. Initial testing showed a 92% improvement in system performance. Tax determination through Goods Declarations (GD) rose by 83%, while green channel clearances more than doubled. The government expects the RMS to increase transparency, boost efficiency and reduce pressure on customs officials. The AI tools are designed to offer faster, more accurate estimates, saving time for both authorities and traders. Prime Minister Sharif called FBR reforms a 'top priority' and said automating the tax system would help ensure fairness and convenience for taxpayers. 'By automating the tax system, we are making it more transparent and effective,' the prime minister said adding that the technology-based modern system will bring ease in doing business and provide convenience to taxpayers. The premier also reviewed new video analytics-based tax collection tools targeting the manufacturing sector. These technologies are expected to enhance revenue collection without direct human involvement and were found to be 98% efficient during pilot tests. Ministers Muhammad Aurangzeb (Finance), Attaullah Tarar (Information), FBR Chairman and other senior officials attended the meeting.
Business Recorder
2 days ago
- Business
- Business Recorder
FBR introduces Pakistan's first AI-powered customs clearance system
In a major move towards digitisation, the Federal Board of Revenue (FBR) unveiled Pakistan's first-ever Artificial Intelligence (AI)-based Customs Clearance and Risk Management System (RMS). The new system, launched on the directive of Prime Minister Shehbaz Sharif, aimed at enhancing transparency, reducing human intervention, and facilitating trade, is expected to enhance the efficiency of import-export operations. The development came to light during a meeting regarding matters related to FBR held on Monday, read a statement released by the Prime Minister's Office (PMO). The briefing was told that under this system the cost and nature of goods, during import and export operations, will now be assessed using AI and bots. It was learnt that the risk management system will continue to improve automatically through machine learning, alongside the movement of goods. The meeting was informed that during initial testing, the new system demonstrated over 92% improved performance. The RMS not only determined 83% more Goods Declarations (GDs) for tax collection but also enabled 2.5 times more GDs to be cleared through the green channel. Pakistan's e-commerce sector faces operational costs surge amid new taxes The attendees were told that the new RMS will bring transparency to the system, minimize human intervention, and facilitate the business community. The system will allow instant and efficient estimation of goods and their value, resulting in time savings, the meeting noted. 'Reforming the FBR is among the top priorities of the government,' said PM Shehbaz. 'By automating the tax system, we are making it more transparent and effective. This technology-driven system will ease doing business and provide convenience to taxpayers,' he added. The prime minister also instructed that the new system be made integrated and sustainable, and praised the officers and staff involved in developing the new RMS. Moreover, a review meeting, chaired by PM Shehbaz, was held to assess ongoing FBR reforms. The meeting was informed about video analytics-based measures to improve tax collection in the manufacturing sector. The PM was told that through this system, tax recovery will be conducted in an automated and transparent manner. This will increase government revenue and allow taxpayers to pay taxes without human interaction. The system is low-cost and showed 98% efficiency during initial testing. Officials also briefed the meeting on the system's potential to increase tax collection from the manufacturing sector.
