Islamabad: Prime Minister Muhammad Shehbaz Sharif says no negligence will be tolerated in achieving economic targets for Pakistan’s bright economic future. He was chairing the weekly review meeting regarding FBR’s digitization and other reforms in Islamabad on Wednesday.

According to Radio Pakistan, the Prime Minister appreciated the efforts of the Federal Board of Revenue (FBR) and the Finance Ministry for achieving a 42% increase in federal tax revenues in the fiscal year 2024-25 compared to the previous ten years. Emphasizing the need for consistent efforts, he urged that the same diligence should be demonstrated in revenue collection and attaining other economic targets in the new fiscal year, warning against any institutional laxity.

Shehbaz Sharif directed all institutions to work with full dedication to meet revenue collection and other economic targets. He instructed the FBR to treat the public with respect and dignity while performing its duties and recommended that all government institutions full
y cooperate with the FBR for the country’s economic progress.

The Prime Minister emphasized integrating the Track and Trace digital production system into the production and distribution stages of goods to ensure comprehensive tax coverage. He also called for the digitization of tax defaulters and production processes across all industries.

Additionally, Shehbaz Sharif directed the expansion of the FBR’s Point of Sale (POS) system in the retail sector. He encouraged the FBR to remain accessible to the business community and taxpayers, ensuring the provision of necessary facilities.

During the meeting, it was revealed that 865 billion rupees in additional revenue was collected in the last fiscal year through reforms and the implementation of tax laws. The Prime Minister was informed that the Track and Trace Digital Production System has been fully implemented in the sugar, tobacco, and fertilizer industries and will soon be extended to cement and other industries.