Prime Minister Raja Pervez Ashraf visits FBR House
Prime Minister Raja Pervez Ashraf visits FBR Headquarters
Prime Minister of Pakistan Raja Pervez Ashraf visited FBR Headquarters on 4th October 2012.
During his visit, the Prime Minister was briefed on the working of FBR and on its revenue generation and collection performance as well as on upcoming initiatives including the draft tax registration scheme.
Finance Minister Mr. Hafeez Sheikh briefed the Prime Minister on the overall economic situation of Pakistan. He said that the economic indicators show signs of improvement which would support economic development. He further stressed that inflation and other price indices have remained in single digit and this, in itself, is significant.
Briefing the meeting, the Chairman FBR, Mr. Ali Arshad Hakeem said that Federal Board of Revenue has almost tripled tax collection in last ten years. He explained that he is redefining its revenue collection strategy to focus on tax enforcement, engaging institutional cooperation, promoting voluntary compliance and expanding the tax education and facilitation program.
He earlier briefed the Prime Minister on working of FBR and the steps being taken by FBR to improve revenue generation and tax collection.
The Prime Minister appreciated the efforts of FBR and suggested to further focus on effective revenue mobilization and improvements in the tax system. The Prime Minister said that taxes provide the economic base for any government's development program, and while FBR was doing good, we are confident to expand this base even further and have available more funds for the country's growth.