PM calls for introducing track, trace system to avoid massive tax evasion

Chairing a meeting of the federal cabinet in Islamabad , Imran Khan pointed out that the Federal Board of Revenue(FBR) has been striving to bring this system over the last fifteen years but every time their efforts are sabotaged.

“Only two companies are paying taxes in the cigarette industry whilst forty percent cigarettes are being sold in black,” said Imran Khan.

Prime Minister further added, “The FBR had assured to roll out the track and trace system by July this year but now the Sindh High Court (SHC) has given a stay on it”.

Referring electoral reforms, the Prime Minister said that electronic voting machines have become inevitable to ensure transparency in the elections.

“The cabinet should regularly be updated about the progress made towards this end as well as giving the right of franchise to overseas Pakistanis,” said Prime Minister.

Moreover, Imran Khan directed the Law Minister to apprise the high court of the actual situation to get the stay vacated as the tax evasion cannot be checked without automation.

“Due to tax evasion, we have to rely on indirect taxes which leads to price hike” noted Khan.