Pakistan PM Shehbaz Sharif mandates a third-party audit of FBR, approves Homegrown Transformation Plan to boost tax collection.

Pakistan's Prime Minister Shehbaz Sharif has mandated a third-party audit of the Federal Board of Revenue (FBR) to boost transparency and efficiency. He approved the FBR's Homegrown Transformation Plan, aimed at improving tax collection through better technology and integrity incentives. The FBR has seen a 71% rise in tax return filers, and the government targets a revenue increase to Rs12.97 trillion by FY25. The plan will involve consultations with taxpayers and aims to enhance economic growth while combating tax evasion.

September 20, 2024
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