ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad on Wednesday said that the IT industry should expect good news in the upcoming federal budget, scheduled to be announced on Friday.

He was speaking at the contract signing of the development and implementation of the One Window Portal System by the Special Technology Zones Authority (STZA).

He said that being the apex revenue collection body of the government, the FBR has a strategic role in providing a business-friendly environment.

“The STZA One Window Portal will facilitate local and foreign investors. It will also be integrated on a real-time basis with FBR and Customs systems,” Mr Ahmed said.

STZA launches one-window portal

The FBR chairman added that the tax collecting body was committed to providing all the requisite support to STZA in this regard, and a working group has been constituted and work with PRAL and PSW is already in progress.

The STZA was set up as an autonomous body, under the Cabinet Division to provide legislative and institutional support for the development of Pakistan’s technology sector.

STZA holds an innovative and futuristic mandate to set up special technology zones (STZs) for various technologies, including IT, across the country.

The One Window Portal will be a digital system to facilitate STZA licensed companies in the Special Technology Zones (STZs), Systems Limited and the STZA.

The facility will enable companies to be digitally on-boarded and will connect them with various government and regulatory agencies.

It is expected that the facility will also help promote transparency, improve the ease of doing business and facilitate Foreign Direct Investment (FDI) in Pakistan.

The One-Window Portal is a key component of the STZA’s overall vision of developing a scientific and technological ecosystem through the development of zones to accelerate technology development in the country.

Published in Dawn, June 9th, 2022

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

IMF package
Updated 28 Jan, 2023

IMF package

While it is crucial to seek immediate IMF funding to shore up its reserves, the govt shouldn’t focus only on short-term relief.
Dar unpegged
28 Jan, 2023

Dar unpegged

IT is over. Nearly four months after Ishaq Dar descended on the cash-strapped economy with some decidedly outlandish...
Lurking hazards
28 Jan, 2023

Lurking hazards

OVERSIGHT of illegal industrial activity occurring within residential areas in the country is weak, especially in...
Election time
Updated 27 Jan, 2023

Election time

There are concerns whether the ECP will be sufficiently able to protect the integrity of elections if they are held under partisan governments.
SCO invite
27 Jan, 2023

SCO invite

THOUGH India’s invitation to Pakistan to attend the Shanghai Cooperation Organisation events in Goa later this ...
Call to arms
27 Jan, 2023

Call to arms

ONE way the state abdicates responsibility in Pakistan is by farming out its functions to the private sector. In ...