‘Govt speeds up FBR reforms, cashless economy drive’

Published Updated

LAHORE: Finance Mi­­nister Muhammad Auran­gzeb said on Saturday that the government is taking vigorous steps to stren­gthen the country’s financial system through fundamental reforms in the tax system, increasing the efficiency of the Federal Board of Revenue (FBR), promoting a cashless economy and using modern technology.

“The government aims to create convenience for the public, restore the confidence of taxpayers and establish a transparent sy­­stem that can become the basis for Pakistan’s sustai­nable economic de­­velo­pm­ent,” he said while addre­ssing the certificate distribution ceremony of the FBR’s Postgraduate Dip­l­oma Programme at LUMS.

The finance minister said the government is working in a coordinated manner to improve tax policy and tax administration, adding that a new model is being introduced in the FBR, which will significantly improve the transparency and efficiency of the institution.

He said the prime minister is especially focusing on FBR reforms and promotion of cashless economy so that the economy can be documented, the tax net can be expanded and financial transparency can be promoted.

Aurangzeb says digital systems to strengthen tax administration, transparency

Mr Aurangzeb said the government has detected major cases of sales tax evasion, which has resulted in increased tax collections and benefited the national exchequer.

He said that modern digital systems and integrated data are the basis of effective tax administration. He stressed that FBR officers would have to take full advantage of modern technology, especially artificial intelligence, because today is the era of AI. He said that keeping oneself constan­tly updated with changing technology is the need of the hour so that the performance of the institution can be made in line with world standards.

The finance minister said that FBR officers have a major responsibility to protect the trust of the country’s taxpayers and national resources as the government wanted the public confidence in the FBR to be restored; the industry and market environment to improve and the fruits of reforms to reach the common citizen.

Addressing the ceremo­­ny, FBR Chairman Muha­mmad Rashid Langrial said that enhancing the professional skills of FBR officers and training them in line with modern requirements are essential for establishing an effective tax system. He said the tax system in the country is being made more effective, modern and transparent.

Published in Dawn, July 26th, 2026

Opinion

Editorial

Quid pro quo
Updated 26 Jul, 2026

Quid pro quo

Accepting Israel would mean legitimising its violence against the Palestinians, as well as its neighbouring Arab states and Iran.
AI in government
26 Jul, 2026

AI in government

THE Prime Minister’s Office has announced the introduction of an AI-powered digital system and directed ministries...
Cautious optimism
26 Jul, 2026

Cautious optimism

THE latest polio surveillance figures offer some encouraging news regarding the difficult fight against polio. The...
Rampant lawlessness
Updated 25 Jul, 2026

Rampant lawlessness

THE brutal slaying of a judge and his guard in Mastung is the latest in a series of blood-drenched events that have...
Daily fuel pricing
25 Jul, 2026

Daily fuel pricing

THE government’s move to daily petroleum price adjustments should make fuel pricing more transparent and more...
The drug problem
25 Jul, 2026

The drug problem

WHILE Islamabad Police chase low-level peddlers, the capital’s kingpins have quietly taken their operations ...