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Prime Minister Shehbaz Sharif on Thursday directed the launch of a pilot project for a proposed automated income tax collection system in Islamabad, the Prime Minister’s Office (PMO) said.
In a statement, the PMO said that Prime Minister Shehbaz chaired a review meeting on ongoing reforms in the Federal Board of Revenue (FBR), attended by Finance Minister Muhammad Aurangzeb, State Minister for Finance Bilal Azhar Kayani, and others.
“The meeting reviewed the ongoing measures aimed at modernising the tax system and increasing tax collection in detail,” it said, adding that a comprehensive plan was presented to make inland revenue collection more “effective, transparent and faceless”.
According to the PMO, the meeting was informed that the proposed new tax system would have the capability to identify under-declared income and assets through data relating to properties, vehicles and banks.
