February 1, 2022: Achieving yet another significant milestone towards automation and data integration in order to facilitate the taxpayers and the passengers flying in and out of the country, FBR has launched an automated Currency Declaration System (CDS) this afternoon, said a press release issued today.

Speaking to the august gathering comprising of all FBR Members, dignitaries, senior officers and media representatives, Finance Minister Shaukat Fayaz Ahmed Tarin congratulated Chairman FBR Dr. Muhammad Ashfaq Ahmed and said that the government was focusing on the documentation of the economy to broaden the tax base.

“This aim can only be achieved through the use of technology and automation with a review of existing procedures and processes,” he remarked.

He further added that Inter-agency coordination and cooperation was the sine qua non for the success of all efforts of business process re-engineering and adoption of a new framework for implementation of rules & regulations.

Presently, Currency Declarations (CDs) are obtained randomly from the passengers coming to or going out of the country through Airports. Currency Declarations are manually secured in the shape of hard copies and are then entered into the System manually in batches.

For millions of passengers coming in and going out from the country, it is an uphill task, especially, with very few resources in comparison with the challenges faced by Pakistan Customs and other Law Enforcement Agencies (LEAs). Since the current CDS was not working to achieve the goal of complete documentation of foreign currency movement, a new system was envisaged by FBR.

This digital system was developed with the assistance of NADRA and FIA and will now be deployed at all International Airports, starting from Islamabad International Airport.

“This new system will be a hassle-free and time-saving, one-stop solution for all incoming and outgoing passengers,” Finance Minister remarked.

Press Release

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