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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 2 sources · 16 days · First seen · Last updated
Pakistan Federal Board of Revenue reforms
Overview
The Pakistani government has explored restructuring the Federal Board of Revenue (FBR) or establishing a new tax collection agency to address stagnant tax-to-GDP ratios and revenue targets. The Prime Minister’s Office requested proposals for institutional and human resource reforms to expand the tax net.
In parallel, the FBR has moved forward with the Faceless Customs Assessment (FCA) initiative. This reform involves relocating the Central Appraising Unit to Islamabad to modernize customs administration by reducing direct interaction between traders and officials. Despite concerns from the All Pakistan Textile Mills Association regarding valuation disputes and delays, the FBR reported that average customs clearance times have decreased significantly. The board intends to maintain local physical examinations in Karachi while implementing new measures to facilitate exports and authorized economic operators.
Entities
Pakistan · Federal Board of Revenue · Islamabad · Shehbaz Sharif · All Pakistan Textile Mills Association
Timeline
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[BUSINESS] 2 sourcesPakistan Federal Board of Revenue maintains faceless customs assessment reform
Pakistan's Federal Board of Revenue will proceed with relocating its Central Appraising Unit to Islamabad, citing improved clearance times and increased transparency through its faceless customs assessment.
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[BUSINESS] 2 sourcesPakistan considers restructuring Federal Board of Revenue
The Pakistani government is exploring the restructuring of the Federal Board of Revenue or creating a new tax agency to improve revenue collection and expand the national tax net.
Sources
cwpakistan.com · pakbanker.com