A 10-member Task Force has been formed by the government to digitize the Federal Board of Revenue (FBR) in partnership with the Special Investment Facilitation Council (SIFC).

Improving FBR’s systems and completely digitizing its operations are part of the Task Force’s mandate. Policy interventions, data automation, software installation, and collaboration with provincial revenue authorities are among the main goals.

Together with developing a track-and-trace system through integrated automation, the task force will also establish an Automated Supply Chain System for distributors and wholesalers.

Pakistan Revenue Automation Limited would become a stand-alone IT bureau for planning and data preparation.

In order to create a unified national tax strategy, the project seeks to maximize revenue collection, increase transparency, and simplify Pakistan’s tax system while encouraging cooperation between the federal and provincial tax authorities.

The dates of the 2024 International Conference on Sustainable Agriculture are set for October 29 and 30 in Karachi.

Supported by the Green Pakistan Initiative, which has achieved great strides in the last year, the conference is organized by the Pakistan Media Development Foundation, Exhibitor TV, and Ripple Concept.

Focusing on enhancing agricultural productivity using contemporary technology, the conference supports the Special Investment Facilitation Council’s (SIFC) prioritizing of agriculture.

Experts will talk about sustainable techniques and organic farming, and there will be a plenary discussion on the Land Information and Management System.

In order to facilitate connections between professionals and stakeholders, the event will also feature exhibitions that promote contemporary methods and technologies.

Sindh and Balochistan’s agriculture departments will display their accomplishments in provincial pavilions. Participants will also include sponsors Saudi-Pak Investment Company, National Bank of Pakistan, and Bank of Punjab.

Asian Infrastructure Investment Bank has received an invitation from Finance Minister Muhammad Aurangzeb to offer program loan assistance for disaster preparedness and climate change impacts.

Speaking with Jin Liqun, the Bank President In Washington, the bank was also invited to invest in the N-5 Reconstruction Project by the Finance Minister.

He recognized the bank’s assistance to Pakistan, especially in addressing the repercussions of the disastrous floods that occurred in 2022.

When the Finance Minister visited China, he spoke with the People’s Bank of China administration.

He said that Pakistan wants to expand its sources of funding and look into the potential of issuing a Panda bond with an AIIB partial credit guarantee.

According to Muhammad Aurangzeb, the market would receive a powerful signal if the AIIB was brought on board as an anchor to support the process.

He praised the advancement of AIIB projects in Pakistan and underlined the need for more work to enhance the way ongoing projects are being disbursed.

He accepted his invitation for the president to come to Pakistan.