PM Sharif Approves Modern Digital Ecosystem for FBR

Prime Minister Shehbaz Sharif has sanctioned the establishment of a cutting-edge, globally competitive digital framework for the Federal Board of Revenue (FBR). He has instructed relevant authorities to enlist the services of internationally recognized specialists in this domain.

This decision was reached during a high-level meeting convened in Islamabad on Saturday to assess the advancement of FBR reforms, according to a statement issued by the Prime Minister’s Office (PMO).

During the meeting, officials provided updates on integrating FBR’s data into a unified system and creating an advanced digital environment to enable real-time monitoring throughout the entire value chain.

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Presiding over the session, the Prime Minister noted that the ongoing reforms within the FBR are steering the economy in a favorable direction.

The Prime Minister emphasized, “It’s more than just digitization; a comprehensive digital ecosystem should be cultivated to bolster the new system.”

PM Shehbaz articulated that all data, encompassing raw material production, imports, manufacturing processes, and end-user purchases, should be consolidated into a single, efficient system. This system should facilitate direct digital oversight of the complete value chain.

He added that the centralized data gathered through this system should inform strategic economic decision-making.

During the meeting, PM Shehbaz affirmed that the government’s objective of alleviating the tax burden on the average citizen hinges on broadening the tax base and formalizing the informal economy.

Key figures in attendance included Federal Ministers Muhammad Aurangzeb and Ahsan Iqbal, Minister of State Bilal Azhar Kayani, Chairman FBR, Chief Coordinator Musharraf Zaidi, various economic experts, and other high-ranking officials.