FBR Chairman Plans Busy Karachi Visit Amid Islamabad Holidays

FBR Chairman Plans Busy Karachi Visit Amid Islamabad Holidays

Karachi, October 11, 2024 – Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), has laid out a demanding agenda for his upcoming visit to Karachi. During the public holidays announced in Islamabad for the Shanghai Cooperation Organization (SCO) Summit, Langrial will capitalize on this period by engaging in pivotal meetings and performance evaluations in the economic hub of Pakistan.

The government of Pakistan has declared holidays in Islamabad from October 14 to October 16, 2024, to accommodate the SCO Summit. However, rather than taking a pause, the FBR Chairman has opted to intensify his engagements in Karachi, focusing on the review of the first fiscal quarter’s (July-September) revenue performance for 2024-25. Moreover, he will strategize for the successful attainment of October’s ambitious revenue targets.

According to reliable sources within the FBR, Langrial’s schedule will kick off on Monday, October 14, with a series of high-level meetings with key tax authorities in Karachi. The Chairman will convene with Chief Commissioners of Karachi’s Large Taxpayers Office (LTO), Medium Taxpayers Office (MTO), Corporate Tax Office (CTO), as well as Regional Tax Offices (RTO) I and II. These discussions are expected to focus on resolving pressing tax-related issues and aligning efforts to enhance revenue collection mechanisms.

The following day, Tuesday, October 15, will see the Chairman shift his attention to Pakistan Customs. Langrial will meet with the Chief Collectors to address pressing matters within customs operations, including strategies for efficient border control and enhanced revenue collection through customs duties. His focus on these key institutions underscores his determination to drive fiscal discipline and enhance operational effectiveness across both Inland Revenue and Customs.

On the concluding day of his Karachi tour, Wednesday, October 16, Langrial will hold a highly anticipated dialogue with the business community. He is scheduled to meet members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), offering them a platform to voice their concerns. This exchange is expected to cover a wide range of issues, from tax policy challenges to regulatory bottlenecks, with an aim to foster stronger collaboration between the government and business stakeholders.

Accompanying the FBR Chairman on this vital visit will be Member Inland Revenue (IR-Operations) and Member Customs Operations, further indicating the significance of this Karachi-based initiative during the Islamabad holidays. This proactive approach reflects Langrial’s commitment to steering the FBR towards achieving its revenue targets in the ongoing fiscal year, while addressing the concerns of both tax administrators and the business community.