Prime Minister Shehbaz Sharif visited Karachi to inaugurate a significant initiative aimed at improving Pakistan’s tax collection system. During his visit, he launched a new system introduced by the Federal Board of Revenue (FBR) designed to enhance transparency, efficiency, and the overall functionality of tax operations. The event was attended by senior government officials, business leaders, and members of the FBR, highlighting its importance for Pakistan’s economic future.
The new system, which leverages cutting-edge technology, is expected to streamline tax collection processes and curb revenue leakages. Speaking at the inauguration ceremony, the Prime Minister emphasized the government’s commitment to modernizing institutions and improving public services. He stated that a robust tax collection mechanism is essential for the country’s economic stability and long-term growth.
PM Shehbaz also took the opportunity to meet with Karachi’s business community, addressing their concerns about the current economic challenges. He assured them that the government is taking all necessary measures to create a business-friendly environment and facilitate trade. The new FBR system, he noted, is part of broader reforms to encourage compliance and foster trust between taxpayers and the government.
Highlighting the significance of Karachi as Pakistan’s economic hub, the Prime Minister reiterated the need for collaborative efforts between federal and provincial governments to ensure sustainable development. He urged stakeholders to support the government’s reform agenda, stressing that efficient tax collection would pave the way for enhanced public services and infrastructure projects.
The launch of the FBR system marks a milestone in Pakistan’s journey towards a more accountable and transparent financial framework. Officials expressed optimism that the system would not only increase revenue but also strengthen the country’s financial standing on the global stage.
