Prime Minister Shehbaz Sharif said Pakistan should urgently increase his income to reduce borrowing dependence and avoid long -term dependence on the International Monetary Fund (IMF).
Speaking during a visit to the headquarters of the Federal Board of Return (FBR) in Islamabad on Thursday, the Prime Minister described the increase in public debt as a serious challenge and called for sustained economic reforms.
“We have to increase national income by hard work and determination,” said the Prime Minister. “If we don’t, the debt will continue to accumulate and we will never free ourselves from the IMF,” said Express News.
Prime Minister Shehbaz said the FBR digitization reader was underway, but warned that the process was faced with obstacles that were to be treated quickly.
He described the reforms of tax regimes as essential to the economic stability of Pakistan and future growth.
Officials have informed the Prime Minister of Reforms underway, including the launch of data -based decision -making systems and a new performance management system for tax agents.
The FBR incorporates Nadra data, banks and asset files to improve tax compliance and extend the country’s tax base. A digital billing system, aimed at curbing tax evasion, is also in its latest stages and will soon be deployed.
“A 27% increase in tax collection compared to last year is commendable,” said Prime Minister Shehbaz. “But we have to resolve high -value affairs blocked before the courts. Two recent decisions alone have led to the Treasury billions solely. Imagine what tens more could do. ”
The Prime Minister inaugurated a fully automated and performance -based monitoring system for tax managers, designed to ensure transparency and reward merit.
He also visited the newly established FBR delivery unit, where he met the staff and examined the operational configuration.
Calling the FBR officers a “precious national asset”, Prime Minister Shehbaz expressed the hope that modernization would allow tax authority to play a key role in strengthening the country’s economy and assistance to the debt burden.
