Islamabad:
The Federal Board of Revenue (FBR) introduced the first risk management and risk management system based on artificial intelligence in Pakistan.
Development came to the directives of Prime Minister Shehbaz Sharif.
At a meeting chaired by the Prime Minister of the Federal Capital to examine the reform measures underway by the FBR, it was informed that within the framework of the new system, the estimate of the cost and nature of the goods during import and export will be carried out using artificial intelligence and robots.
The new risk management system, based on modern technology, will improve permanently thanks to automation using automatic learning, as well as the movement of goods, has been informed of the meeting. “During the initial tests of the new system, more than 92% performance was observed.”
The briefing showed that during initial tests, not only 83% of the additional goods (GD) declarations (GD) were determined for tax collection, but the release of goods through the green canal has also increased twice and a half.
He was informed at the meeting that the new risk management system will bring transparency to the system, minimize human intervention and ensure the ease of businessmen. With the launch of the new system, an immediate and effective estimate of goods and their cost will be possible, which will cause time to save.
The meeting has also been informed that the implementation of the new system will reduce pressure on customs officials, will improve transparency and efficiency and will facilitate businessmen.
The Prime Minister stressed that FBR reforms were one of the main priorities of the government. “By automating the tax system, we make it more transparent and more efficient,” said the Prime Minister adding that the technology -based modern system will result in business and will ensure convenience to taxpayers.
Due to the reduction of human intervention, the Prime Minister noted that the system will be more effective, which saves time and money. He ordered the authorities concerned to make the new system integrated and sustainable.
The Prime Minister appreciated the officers and staff who worked on the development of the new risk management system.
The meeting was informed of the measures based on video analysis to increase tax collection in the manufacturing sector. With this system, tax collection in these sectors will be automated and carried out transparently, which will increase government income and allow taxpayers to pay taxes without human interference.
The meeting was also informed that this system is profitable and has shown an efficiency of 98% during the initial tests. Reunion also examined the possibility of increasing tax revenue following its implementation in the manufacturing sectors. Minister for Finance Muhammad Aurangzeb, the Minister of Information Attaullah Tarar, President FBR and other senior officials attended the meeting.
