FBR directed to continue efforts to enhance tax collection

FBR directed to continue efforts to enhance tax collection

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Thursday directed the Federal Board of Revenue (FBR) to continue its efforts to enhance tax collection.

The finance minister chaired the meeting of the APEX Committee on broadening the tax base and integration of retail businesses held at the Finance Division.

SAPM on Finance and Revenue Dr. Waqar Masood, Chairman FBR and other senior officers participated in the meeting.

In his opening remarks, the Finance Minister commended FBR over record revenue collection during the month of July, 2021 equal to Rs.413 billion which is 21 per cent above the set target for the month.

He further stated that the outstanding revenue collection is a reflection of Government’s prudent policies for sustained economic growth.

This clearly indicates that fiscal consolidation efforts are on track with key focus to broaden tax base by using artificial intelligence and innovative ways for bringing more people into the tax net, he added.

In his concluding remarks, the Finance Minister directed FBR to continue its diligent efforts for enhancing the tax collection.

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