Prime Minister Shehbaz Sharif Chairs FBR Meeting to Expand Tax Base and Increase Revenue
Prime Minister Shehbaz Sharif Chairs FBR Meeting to Expand Tax Base and Increase Revenue
Islamabad: Prime Minister Shehbaz Sharif praised the efforts of the government’s economic team for swiftly progressing toward achieving the Federal Board of Revenue’s (FBR) revenue targets for the current fiscal year during a high-level review meeting.
The Prime Minister directed authorities to bring individuals and sectors capable of paying taxes but currently evading them into the tax net. He emphasized taking strict action against tax evaders and sectors involved in tax fraud.
PM Shehbaz also called for stringent accountability of officers and officials who facilitate tax evasion. He instructed the use of modern technology to prevent tax fraud, stating that broadening the tax net is the government’s top priority. He added that the government aims to reduce the burden on the common man by lowering tax rates.
The Prime Minister directed authorities to complete the digital monitoring system for the cement and other sectors by June this year. He also ordered accelerated measures in collaboration with provinces to enhance tax revenue from the tobacco sector.
Furthermore, PM Shehbaz emphasized the need for effective follow-up on pending tax-related cases to ensure the recovery of national funds. He expressed confidence that, by the grace of Allah, the country's economy is stabilizing and progressing toward growth.
The Prime Minister urged everyone to fulfill their responsibilities for national development.
The meeting, chaired by PM Shehbaz Sharif, was attended by Federal Ministers Ahsan Iqbal, Muhammad Aurangzeb, Ahad Khan Cheema, Ataullah Tarar, FBR Chairman, and other senior officials.
The meeting was informed that the full implementation of the Track and Trace System in cement plants across the country has the potential to increase tax revenue by billions of rupees. Additionally, the system’s application in the sugar industry led to a 35% rise in tax revenue from November 2024 to April 2025.
It was further stated that under the Prime Minister’s leadership and due to FBR reforms, the tax-to-GDP ratio target of 10.6% will be achieved.
No comments yet.