FBR Task Force Holds Second Meeting on Digitalization

The second meeting of the Task Force on Digitalization of FBR was held on Wednesday, chaired by Minister of State for Finance and Revenue Ali Pervez Malik.

The meeting, attended by FBR officials and representatives from various organizations, focused on discussing strategies to transform the FBR into a modern and digitalized organization.

Working groups presented their initial findings and recommendations on restructuring PRAL, retrieving and integrating data, supply chain automation, and trade data sharing.

The Minister of State emphasized the importance of utilizing available data to identify potential taxpayers and improve transparency in the system. He also directed the Task Force to invite representatives from relevant ministries and organizations to the next meeting.

Chairman FBR called for optimizing PRAL’s IT services and focusing on improving other areas, in addition to digitizing the FBR. He stressed the need for data cleansing and expressed optimism for enhanced revenue collection through data automation and innovative solutions.

The Task Force will continue to work on finalizing their recommendations, which will be presented to the Prime Minister for implementation.

Hot this week

Raqami Islamic Digital Bank Secures High Credit Ratings as Commercial Operations Expand

Raqami Islamic Digital Bank Limited achieves AA/A1 ratings from VIS Credit Rating Company signaling strong stability for Pakistans first Shariah compliant digital retail bank.

Wateen and Alfalah Insurance Launch Next Gen AI Powered Digital Platform

Wateen Telecom and Alfalah Insurance partner to develop an advanced AI driven digital insurance platform aimed at revolutionizing Pakistans insurance sector through automation.

Verge Systems and World Bank Launch Digital Transformation for Sindh Agriculture Market Information System

Verge Systems signs a landmark contract under the SWAT Project to digitize 27 wholesale markets across Sindh with real-time agricultural intelligence.

Meezan Bank and Visa Expand Strategic Partnership for Digital Payments Innovation in Pakistan

Meezan Bank and Visa meet in Karachi to accelerate digital transformation through Shariah-compliant payment solutions and enhanced cybersecurity initiatives.

Meezan Bank Deploys AddCore R22 Platform for Cash Management Payments and Collections

Meezan Bank implement AddCore R22 platform with CRPL for cash management payments and collections, becoming the first bank in the industry to deploy the R22 version for corporate payment operations.

Topics

Raqami Islamic Digital Bank Secures High Credit Ratings as Commercial Operations Expand

Raqami Islamic Digital Bank Limited achieves AA/A1 ratings from VIS Credit Rating Company signaling strong stability for Pakistans first Shariah compliant digital retail bank.

Wateen and Alfalah Insurance Launch Next Gen AI Powered Digital Platform

Wateen Telecom and Alfalah Insurance partner to develop an advanced AI driven digital insurance platform aimed at revolutionizing Pakistans insurance sector through automation.

Verge Systems and World Bank Launch Digital Transformation for Sindh Agriculture Market Information System

Verge Systems signs a landmark contract under the SWAT Project to digitize 27 wholesale markets across Sindh with real-time agricultural intelligence.

Meezan Bank and Visa Expand Strategic Partnership for Digital Payments Innovation in Pakistan

Meezan Bank and Visa meet in Karachi to accelerate digital transformation through Shariah-compliant payment solutions and enhanced cybersecurity initiatives.

Meezan Bank Deploys AddCore R22 Platform for Cash Management Payments and Collections

Meezan Bank implement AddCore R22 platform with CRPL for cash management payments and collections, becoming the first bank in the industry to deploy the R22 version for corporate payment operations.

Pakistan Introduces Virtual Assets Act 2026 to Regulate Crypto and Digital Asset Platforms

Pakistan introduce the Virtual Assets Act 2026, granting legal authority to PVARA to license and regulate crypto exchanges and digital asset platforms while strengthening oversight of the country’s digital asset market.

SadaPay Appoints Imran Khan as Chairman to Drive Digital Banking Innovation in Pakistan

Imran Khan joins SadaPay as Chairman of the Board, bringing extensive experience in cloud, fintech, and digital infrastructure to advance Pakistan's Sada Money platform.

Pakistan Approves Virtual Assets Bill 2026 to Regulate Digital Currencies and Services

Pakistan’s National Assembly approves the Virtual Assets Bill 2026, establishing a regulatory authority to oversee digital currencies, virtual asset services, and compliance with international financial standards.
spot_img

Related Articles

Popular Categories

spot_imgspot_img