Islamabad, August 7, 2024 – The government on Wednesday appointed Rashid Mahmood, a BS-21 officer of the Pakistan Administrative Service, as the chairman of the Federal Board of Revenue (FBR).
Mahmood, previously serving as the Secretary of the Power Division, has been appointed to the FBR position with immediate effect.
Mahmood takes over from Amjad Zubair Tiwana, who resigned about a week ago before reaching the age of superannuation. As the 40th chairman of the FBR, Mahmood is expected to steer the organization through significant challenges, including achieving the ambitious revenue collection targets set for the current fiscal year.
The appointment of Mahmood comes at a critical juncture for the FBR, as the government emphasizes the need for substantial revenue generation to meet economic goals. The FBR’s target for this fiscal year is notably high, reflecting the government’s intent to enhance tax revenue to fund development projects and manage fiscal deficits.
In addition to meeting revenue targets, Mahmood faces the complex task of broadening the tax base. This involves identifying and bringing more taxpayers into the formal economy, which has been a persistent issue for Pakistan. Enhancing tax compliance and reducing evasion will be crucial to expanding the tax base and increasing overall revenue.
Digitalization of the FBR is another significant challenge Mahmood will need to address. Modernizing the FBR’s operations through digital solutions is essential for improving efficiency, transparency, and taxpayer services. This includes the implementation of advanced IT systems for tax collection, monitoring, and enforcement, which can streamline processes and reduce administrative burdens.
During his tenure as Secretary of the Power Division, Mahmood was known for his efforts in improving governance and operational efficiency. His experience in managing complex administrative tasks and driving reforms will be instrumental in his new role at the FBR.
The outgoing chairman, Amjad Zubair Tiwana, had made notable strides in enhancing the FBR’s performance during his tenure. Tiwana’s resignation has been met with mixed reactions, with some appreciating his efforts to increase revenue collection and others pointing out the ongoing challenges that remain.
The business community and economic analysts will be closely watching Mahmood’s strategies and initiatives as he assumes his new role. His ability to navigate the multifaceted challenges of revenue collection, tax base expansion, and digital transformation will be key to the FBR’s success in the coming years.
