Latest News

PM Shehbaz would stop at nothing to fight tax evasion.

Published

7 months ago

Farwa

During a high-level discussion at the Prime Minister’s House, the premier made statements about revenue improvement tactics, economic digitization, and tax reforms.

The Federal Board of Revenue (FBR) is crucial to the country’s economy, Prime Minister Sharif stressed during his speech to the assembly. He promised to supply the FBR with all the tools required to support their efforts to digitize and grow their human resource base.

Ensuring that the rich pay their fair share of taxes requires a broader tax net, as the prime minister stressed. It was pointed out by him that the new budget places a disproportionate amount of tax burden on the wealthiest members of society while placing little taxation on the middle and lower classes.

The prime minister said, “The government’s top priority continues to be reducing the tax ratio while expanding the tax base.” Plans to fully digitize the tax system were presented, with the goal of improving worker productivity and expediting tax collecting procedures.

Along with calling for quick action, Sharif also suggested using digital tools to increase tax revenues and document the economy. He gave the order for officials to move quickly to bring more people under the tax roof.

The premier was informed about the latest developments in revenue enhancement and the digitization of the FBR over the last four weeks by global businesses McKinsey and Karandaz during the meeting. Plans were also presented for short- and medium-term tax revenue growth.

Reiterated was the possibility of generating billions of rupees in additional tax income if current measures were fully implemented. Revenue growth and accurate documentation of economic activity are anticipated outcomes of the economic value chain’s digitization and automation.

Premier Sharif also directed federal secretaries and department heads to interact directly with the Task Management System, which is cutting edge software used to track the implementation of directions from the prime minister to federal ministries.

At a meeting tasked with evaluating the Task Management System’s deployment, the Prime Minister declared that daily system usage evaluations will guarantee that all projects are completed on time. He underlined the need for ongoing observation to ensure advancement.

There was information presented to the meeting on the development of a mobile application for the task management system.

Latest News

There are more than 132.6 million registered voters in Pakistan. ECP

Published

4 seconds ago

Farwa

The total registered voter count in Pakistan has exceeded 132.6 million, as reported by the Election Commission of Pakistan (ECP). The current official count is 132,668,515 voters, exhibiting a significant gender distribution.

The overall number of male voters is 71,275,222, whereas female voters comprise 61,393,293. The distribution of registered voters by province is as follows:

Islamabad: 1,170,844 registered voters
Balochistan: 5,437,699 registered voters
Khyber Pakhtunkhwa: 22,589,371 registered voters
Punjab: 75,545,995 registered voters
Sindh: 27,824,070 registered voters

Province-wise registered voters

Data Visualization

Latest News

Punjab eases vehicle registration regulations.

Published

2 minutes ago

Farwa

The Punjab cabinet has sanctioned a modification to Section 24 of the Motor car Ordinance Act 1965 to streamline car registration procedures, permitting motor vehicle owners to register their vehicles in any district within the province.

Previously, under Section 24, vehicle owners were required to register their automobiles in their domicile district. The change grants Punjab people the liberty to register their vehicles in any district of their preference.

A representative for the Excise and Taxation Department emphasized that registration numbers are being issued under a standardized series throughout Punjab.

The spokesperson stressed that there are no limits on car movement across provinces, hence facilitating mobility for people of Punjab.

Recently, the Punjab government sanctioned a substantial alteration in its car registration policy, intended to mitigate tax evasion and enhance security. Under the new policy, citizens of Punjab were prohibited from registering their vehicles in other provinces or in Islamabad.

The Punjab cabinet confirmed the decision, which was endorsed by the Punjab Excise and Taxation Department. Excise officials have consistently voiced apprehensions regarding the prevalent habit among Punjab residents of registering their vehicles outside the province, frequently in adjacent areas or the federal capital, to evade local taxation.

Business

The government has introduced a comprehensive strategy to enhance industrial investment.

Published

3 minutes ago

Farwa

Authorities are poised to execute an ambitious investment promotion strategy through a collaborative initiative between the National Institute of Public Administration (NIPA) and the Pakistan Administrative Staff College, aiming for substantial enhancements in industrial investment and economic development.

The Special Investment Facilitation Center (SIFC) will be instrumental in this transformative drive by establishing “Business Facilitation Centers” aimed at optimizing investment processes and attracting both domestic and foreign capital.

Principal features of the comprehensive plan encompass:

Forming collaborative working groups to augment domestic and international investment prospects
Formulating a comprehensive strategy to eradicate obstacles to industrial development
Formulating a novel model to tackle issues in the execution of industrial projects
Striving to enhance Pakistan’s international business rating by 50 points
Targeting $20 billion in foreign industrial investments within the next five years.

The approach prioritizes digital transformation to enhance the transparency and efficiency of the investment process. SIFC’s strategy emphasizes fostering a favorable atmosphere for investors by streamlining bureaucratic processes and offering strategic assistance.

National administration officers are conducting ongoing study to identify and mitigate potential investment barriers, while a specialized research group is formulating a comprehensive strategy to solve current hurdles in industrial growth.