The Federal Board of Revenue (FBR) has decided to purchase over 1,000 new vehicles worth around Rs 6 billion.
According to documents available to Express, FBR has issued a letter of intent to a company for the purchase of 1,010 new vehicles, at a cost of over Rs 6 billion.
The FBR letter mentions that the purchase of the new vehicles will be done in two phases and the entire amount will be paid by FBR. An advance payment of Rs 3 billion will be made for the purchase of 500 vehicles, which will be considered as full payment for the first batch.
The letter further mentions that after the delivery of the first batch of 500 vehicles, the remaining payment will be made. Delivery of the 1,010 vehicles will take place between January and May 2025.
In the first phase, 75 vehicles will be delivered in January, 200 vehicles in February and 225 vehicles in March.
In the second phase, 250 vehicles will be delivered in April and 260 vehicles in March.
FBR officials said the purchase of these vehicles was part of FBR’s transformation plan. The vehicles are specifically intended to improve the operational efficiency of field agents. These vehicles will be reserved for the use of field agents.
Earlier, the FBR had initiated consultations with key stakeholders to finalize proposals for the Federal Budget 2025-26, focusing on phasing out tax exemptions, increasing revenue generation and streamlining tax laws .
In an official communication to business associations such as Federation of Pakistan Chambers of Commerce and Industry (FPCCI), American Business Council, Pakistan Business Council and other chambers, the FBR has sought suggestions for income tax, sales tax, and customs reforms. , reported Express News.
These proposals, expected by January 31, 2025, will shape the next finance bill.
FBR priorities include:
- Gradual elimination of tax exemptions: A gradual removal of tax exemptions in all laws to reduce revenue leakage.
- Widening the tax net: Strategies to attract new taxpayers to the system while closing compliance gaps.
- Supporting national industry: Proposals to protect local manufacturers through tariff adjustments and duty reductions on raw materials.
- Fairness of tax policy: Measures aimed at guaranteeing progressive taxation and reducing inequalities in tax treatment between sectors.