ISLAMABAD: The Federal Board of Revenue on Tuesday constituted two task forces to work out modalities for increasing revenue and enhancing efficiency within the tax machinery.

The first task force would be headed by deputy chairman, Inland Revenue Service (IRS), and would have five members while the second task force will be headed by deputy chairman of customs.

The task forces will formulate short, medium and long term administrative and policy measures on increasing revenue, enhancing efficiency in FBR and bringing transparency in the tax administration.

An official of the FBR said that the task forces would submit the report to the chairman by April 16.