Islamabad:
The Federal Board of Revenue (FBR) has introduced Pakistan’s first artificial intelligence -based custom clearance and risk management system (RMS).
The development came on the directives of Prime Minister Shehbaz Sharif.
During a meeting, chairman of the Prime Minister of the Federal Capital to review the ongoing reform measures from FBR, it was informed that during the new system’s estimation of the cost and nature of goods during import and exports will be performed using artificial intelligence and bots.
The new risk management system, which is based on modern technology, will continuously improve through automation using machine learning along with the movement of goods, the meeting was told. “During the initial test of the new system, over 92% improved performance was observed.”
The briefing showed that not only was 83% more declarations of goods (GD) determined for tax collection, but declaration of goods through the Green Channel, in the first testing, but was also two and a half times.
It was informed at the meeting that the new risk management system will bring the transparency to the system, minimize human intervention and give business people ease. With the launch of the new system, immediate and effective estimation of goods and their costs will be possible, resulting in time savings.
The meeting was further informed that the implementation of the new system will reduce the pressure on customs officials, increase transparency and efficiency and facilitate business people.
The premiere pointed out that reforms in FBR were among the highest priorities of the government. “By automating the tax system, we make it more transparent and efficient,” the prime minister said, adding that the technology -based modern system will bring ease in doing business and provide taxpayer’s convenience.
Due to reduced human intervention, the prime minister noted that the system will be more effective, saving both time and money. He instructed the affected authorities to make the new system integrated and sustainable.
Premier Minster appreciated the officers and staff working on the development of the new risk management system.
The meeting was informed of video analysis -based measures to increase tax collection in the manufacturing sector. With this system, tax collection in these sectors will be automated and transparent, which will increase public revenue and allow taxpayers to pay taxes without human interference.
The meeting was also informed that this system is cost -effective and showed 98% efficiency during the first test. The meeting also reviewed the potential for increased tax revenue after its implementation in manufacturing sectors. Minister of Finance Muhammad Aurangzeb, Minister of Information Attaullah Tarar, Chairman FBR and other senior officials attended the meeting.
