Prime Minister Shehbaz Sharif has said Pakistan is urgent to increase his revenue to reduce the dependence on borrowing and avoid long -term dependence on the International Monetary Fund (IMF).
When we spoke during a visit to the Federal Board of Revenue (FBR) headquarters in Islamabad, the prime minister described rising public debt as a serious challenge and called for sustained financial reforms.
“We have to raise national income through hard work and determination,” said the Prime Minister. “If we don’t, debt will continue to be poured up and we will never break free from the IMF,” Express News reported.
PM Shehbaz said FBR’s digitization drive was underway, but warned that the process was facing obstacles to be treated quickly.
He described tax system reforms as essential to Pakistan’s economic stability and future growth.
Officials informed the Prime Minister of ongoing reforms, including the launch of data-driven decision-making systems and a new performance management system for tax officers.
FBR integrates data from Nadra, Banks and Asset Records to improve tax compliance and expand the country’s tax base. A digital billing system aimed at limiting tax evasion is also in its last stages and will be rolled out soon.
“A 27% increase in tax collection over the course of last year is commendable,” said Prime Minister Shehbaz. “But we have to solve high -value cases that are stuck in courts. Two recent decisions alone have brought billions to the Treasury. Imagine what dozens more could do.”
The Prime Minister inaugurated a fully automated, performance -based surveillance system for tax officials, designed to ensure transparency and reimbursement.
He also toured FBR’s newly created delivery unit, where he met the staff and reviewed the operational setup.
Calling FBR officers a “valuable national active” expressed Prime Minister Shehbaz hope that modernization would allow the tax authority to play a key role in strengthening the country’s economy and light debt burden.