Islamabad, March 15, 2024 – The Federal Board of Revenue (FBR) has embarked on a transformative journey to modernize Pakistan’s tax administration through a groundbreaking partnership with Karandaaz Pakistan.
The agreement, signed today, signifies a significant step towards digitalizing tax processes, aligning with the nation’s vision for a digitally transformed economy.
The collaboration between FBR and Karandaaz Pakistan underscores a shared commitment to revolutionize tax operations, fostering revenue growth, and enhancing financial inclusion across the country. With Karandaaz Pakistan’s expertise in promoting sustainable economic development, the partnership aims to develop a comprehensive digital strategy tailored to the unique needs of Pakistan’s tax landscape.
At the signing ceremony, Malik Amjed Zubair Tiwana, Chairman FBR, reaffirmed the agency’s dedication to automation and digitization, emphasizing the importance of addressing challenges posed by undocumented sectors and expanding the tax base through innovative digital initiatives. Tiwana highlighted the critical role of digitalization in enhancing efficiency and transparency within the tax administration.
Minister for Finance and Revenue, Muhammad Aurangzeb, emphasized the significance of adopting people-centric approaches in designing digital solutions. He stressed the importance of engaging international consultants to ensure the successful implementation of digitalization strategies, aligning with global best practices in tax administration.
Waqas ul Hasan, CEO of Karandaaz Pakistan, highlighted the organization’s commitment to promoting digital public infrastructure, supported by the Bill and Melinda Gates Foundation. Hasan emphasized that the digital transformation would prioritize taxpayers’ needs, making the tax administration more responsive and adaptable to evolving economic dynamics.
The agreement, signed on March 15th, 2024, marks a significant milestone in Pakistan’s journey towards digital transformation. Ardsher Salim Tariq, Member (Reforms and Modernization) representing FBR, and Sharjeel Murtaza, Director Digital Services representing Karandaaz Pakistan, penned the agreement, symbolizing a collaborative effort towards building a modern and efficient tax system.
The partnership between FBR and Karandaaz Pakistan is poised to leverage technology to streamline tax processes, reduce compliance burdens, and enhance revenue collection capabilities. By embracing digitalization, Pakistan aims to create a more conducive environment for businesses, spur economic growth, and foster greater financial inclusivity across all segments of society.
The digital transformation of Pakistan’s tax administration is expected to yield far-reaching benefits, ranging from improved taxpayer services to enhanced data analytics capabilities for informed policy decisions. As the nation embraces the digital age, initiatives like this partnership between FBR and Karandaaz Pakistan will play a pivotal role in shaping Pakistan’s economic future and driving sustainable development for generations to come.
