Business
Investigation committee set up as FBR’s 'track and trace' system goes inactive
It is also reported that the inquiry committee will look into the reasons behind the failure of FBR to implement track and trace system.
Islamabad: Prime Minister Shehbaz Sharif has set up a five-member investigation committee on Federal Board of Revenue’s (FBR) track and trace system being inactive.
According to media reports quoting FBR sources, the committee has been set up under the chairmanship of former Finance Secretary Tariq Bajwa, in which Chief Executive Officer (CEO) Pakistan Single Window and CEO National IT Board are committee members while Additional Secretary Ministry of Law and Member Technology CDA will be part of the committee.
It is also reported that the inquiry committee will look into the reasons behind the failure of FBR to implement track and trace system. International Monetary Fund (IMF) had complained that FBR could not implement track and trace system in four sectors in two years.
IMF has asked the government to fully implement track and trace system to prevent massive tax evasion. FBR could not implement the system in last two years in cigarette, cement, sugar and fertilizer sectors.
Reports suggest that the committee will also examine the role of FBR officers in the failure of the system. It will also probe the stamp system instead of the electronic system and vendor efficiency for the track and trace system.
-
Business 1 day ago
Gold price declines Rs300 per tola in Pakistan
-
Pakistan 1 day ago
Pakistan towards development after economic stability: PM
-
Pakistan 1 day ago
ATC issues non-bailable arrest warrants for Gandapur, other PTI leaders in GHQ attack case
-
Pakistan 13 hours ago
Punjab CM lands in Beijing on eight-day official visit
-
Pakistan 2 days ago
UAE visa: Govt considers one-window operation for document verification
-
World 1 day ago
South Korean president apologizes for martial law
-
Pakistan 2 days ago
JUI's Fazlur Rehman warns of protest in capital over madrasah bill
-
Regional 1 day ago
PU academician meets Punjab CM, discusses matters concerning students